All Wolverine Worldwide articles – Page 2
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ArticleWolverine breaks even, but Q3 sales impacted by supply chain issues
Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the acquisition of Sweaty Betty in August and the strong performance of its Saucony brand. However, the management said that supply chain ...
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ArticleAfter strong Q2, Wolverine again raises full-year outlook
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony , on which the group has been investing more ...
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ArticleOutdoor company stocks continue to gain ground in Q2
From the first quarter to the second quarter of 2021, the 32 outdoor stocks we track were up 13.82 percent. Neither the bike nor the retail companies had a major impact here, but rather a few of the large groups such as Anta Sports, Vista Outdoor and American Outdoor Brands, ...
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News briefsBrandan Hoffmann will be Wolverine’s new CEO
Source: Wolverine Worldwide Blake Krueger (left) and Brendan Hoffman Blake Krueger is gradually relinquishing his duties at Wolverine Worldwide , where he worked for 28 years, most recently as president and CEO since 2007 and additionally as chairman since 2009. Brandan Hoffmann , who ...
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News briefsWolverine Worldwide expects strong second quarter
Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine World Wide, Inc. today provided a business update stating that the company expects second-quarter 2021 revenue to exceed second quarter 2019. The company noted that its ...
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News briefs
Chaco moves to new Michigan factory
Chaco , an outdoor lifestyle footwear brand owned by Wolverine World Wide, Inc. , has moved to a larger and upgraded U.S. manufacturing facility in Rockford, Michigan, “to meet growing demands for increased footwear production, customization program, and reweb and resole requests from consumers,” the company said. The new factory ...
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News briefsWolverine Worldwide appoints new executives for the group and Sperry
Source: Wolverine Worldwide Isabel Soriano Isabel Soriano has been named president of international for Wolverine World Wide, Inc . Soriano joined the group in 2018 as vice president and managing director of EMEA, responsible for leading all of the company’s brands in the region, ...
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ArticleWolverine raises guidance due to strong first quarter
Footwear company Wolverine Worldwide raised full-year guidance due to better-than-expected e-commerce growth and optimism over Covid-19 vaccine rollouts. Revenues in the three months to April 3 rose 16.3 percent to $510.7 million but missed estimates of $511.8 million. Wolverine, which owns the Sperry , Hush Puppies , Saucony ...
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News briefsWolverine Appoints Kathleen Wilson-Thompson to board of directors
Wolverine World Wide, Inc. appointed Kathleen Wilson-Thompson to its board of directors. An experienced top executive, she is currently a member of Tesla ’s board of directors and brings global retail experience in senior management positions and a total of 14 years as a director for three publicly ...
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News briefsWolverine gets Standard & Poor’s upgrade
Standard Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repaid a $171 million, 364-day loan contracted because of the coronavirus pandemic and ...
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ArticleWolverine sees weak results, but remains hopeful for 2021
The year 2020 was a difficult one for Wolverine Worldwide . Looking on the bright side, the management said it delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next 12 to 16 months. The group posted a double-digit sales decline in ...
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ArticleWolverine announces two executive appointments
Source: Wolverine Worldwide Jim Zwiers – New President, Global Operations Group Wolverine Worldwide , owner of the Merrell , Sperry , Saucony , Wolverine and Keds brands, among others, has made a couple of executive appointments to ring in the new year. ...
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ArticleWolverine's revenues decline but exceed expectations
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the ...
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ArticleWolverine takes its buyers conference digital
Because of Covid-19 and its related safety measures, Wolverine Worldwide has expanded its partnership with Envoy B2B and taken its buyers conference digital. The American company was obliged to cancel its Global Brand Conference for this year, depriving its 12 brands of a means to introduce their new products to ...
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ArticleGrowth of 7.0% for branded outdoor shoes in 2019
As they do every year, many brands gave us their numbers or indications of their performance in the outdoor footwear market to help establish its growth in the wholesale channel and to benchmark themselves against one another. The result of this joint study by The Outdoor Industry Compass and the ...
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News briefsWolverine uses predictive analytics to optimize merchandising
Through a new global strategic partnership with First Insight , a leading digital product testing and decision-making platform headquartered in Warrendale, Pennsylvania, Wolverine Worldwide is planning to further leverage data in its product decision making process, enabling its brands to increase speed-to-market, sell-in, sell-through and reduce markdowns. To ...
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ArticleOmni-channel retail specialist to become new president of Wolverine Worldwide
Brendan Hoffman will take office on September 8 as the new president of Wolverine Worldwide, the company announced earlier this week. Hoffman will then also join the company’s board of directors. Source: Wolverine Worldwide Brendan Hoffman The omni-channel retail specialist brings 30 years of experience in merchandising, ...
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ArticleWolverine’s online sales jump by 96%
Wolverine Worldwide posted better-than-expected sales in the second quarter, as the impact of the coronavirus-related retail lockdown was partly offset by a growth of 96 percent in the group’s own e-commerce operations, representing more than 40 percent of revenues during the period. Merrell , Saucony and work footwear ...
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News briefs
Wolverine appoints VP of advanced concepts & innovation
Barry McGeough has been named Wolverine Worldwide ’s new vice president for advanced concepts innovation. McGeough has worked in the footwear and technical apparel industry for 20 years. Highlights of his career include innovation and product development for brands such as Calvin Klein , Tommy ...
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News briefsMerrell names new chief marketing officer
Merrell , a division of Wolverine Worldwide entering its 40th anniversary year, has announced the appointment of Janice Tennant to the position of chief marketing officer, reporting directly to Merrell’s global brand president, Chris Hufnagel , and joining the brand’s senior leadership team. Tennant has more than 18 years of ...
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