Blog: One size fits all?
Leonie Barrie | 24 May 2007
Payless ShoeSource and Stride Rite both stand to gain from yesterday’s announcement that Payless is to buy Stride Rite Corp for about US$800m. The deal will help Payless secure a bigger share of the fast-growing branded and children's footwear sectors, as well as retaining its dominance in the discount retail sector, and will provide Stride Rite with the resources it needs if it is to stand a chance against widespread industry consolidation.
The acquisition is the second in as many months for Payless, which in March revealed plans to buy skate and snowboard licensing company Collective International for approximately $91m. The appeal of that deal – Collective's portfolio includes Airwalk, Lamar, Sims, LTD, Ultra-Wheels and Skate Attack – was that it would take Payless into the brand development, management and licensing business for the first time.
Stride Rite had previously been on the acquisition trail itself, buying firms such as shoe maker Robeez and athletic footwear line Saucony, but now concedes that it needs to join a company with bigger resources if it is to stand a chance against widespread industry consolidation.
Where the new holding company, Collective Brands, is heading remains to be seen. Further acquisitions are more than likely to broaden its exposure in markets like children's and men's non-athletic shoes, but there will also be challenges in trying to become a leader in such a fragmented marketplace.
Some of just-style’s more eagle-eyed readers might have noticed a small change to the menu bar on the homepage: the addition of the word re:source. Yes it might be a small change – but it marks the co...
Over the past week just-style has continued to try to unravel the potential ramifications of Donald Trump’s election as the next president of the United States....
One event dominated the international airwaves last week, and on just-style too we took a closer look at the surprise election of Donald Trump as the 45th president of the United States....
As the Brexit roller-coaster continues to twist and turn, and the US presidential election campaign nears its unpredictable and possibly protectionist end, there's no doubt these events – and the perc...
- Steps to piloting living wage in garment factories
- US apparel retailers' November 2016 sales roundup
- How to ensure sustainability is more than a slogan
- Software for financial planning and operations
- Why do modern robotics elude sportswear makers?
- Esquel efficiency drive continues to boost brands
- US Q3 in brief – Oxford Industries, Genesco
- Columbia waterproof jacket first made without PFCs
- Myanmar garment industry "lacking labour rights"
- Adidas NYC flagship raises the bar on sport stores
- Outdoor performance apparel 2016: A broader perspective
- Footwear Top 5 Emerging Markets Industry Guide_2016
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack