Charges Hurt Collective’S Bottom Line
Hit with a $130.2 million charge for Stride Rite’s acquisition, Collective Brands registered a $144.0 million loss for the quarter ended Jan. 31, compared with a $46.6 million loss last year. Revenues dropped by 5.4 percent to $735.2 million. Some $88 million of the impairment was charged to the wholesale ...
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