All Wolverine Worldwide articles – Page 3
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ArticleWolverine performs better than expected
Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was partly ...
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News briefsWolverine issues notes
Like other U.S. companies in our sector and others, Wolverine Worldwide is resorting to a bond offering to help raise more cash as security against the impact of Covid-19. The company announced on May 6 that it is offering $300 million worth of senior notes with a yield of ...
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News briefsStandard & Poor's downgrades Wolverine
Standard Poors downgraded its ratings for Wolverine Worldwide ’s debt and unsecured notes because of the likely impact of Covid-19 on its results. While the digital channel now represents about 30 percent of the group’s revenues, S P forecasts that orders placed by its wholesale clients could ...
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News briefs
Merrell names new VP of U.S. sales
Merrell has appointed Alex Brown as its new vice-president of U.S. sales. He joins Merrell from The North Face ( TNF ), a division of VF Corp. , where he most recently served as senior sales director for the brand. Brown has spent his entire career in ...
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ArticleEurope and e-commerce help Wolverine in Q1
After posting record financial results in the fourth quarter of 2019, Wolverine Worldwide fared relatively well in the first quarter ended on March 28 – given the challenging conditions caused by Covid-19 – thanks mainly to higher online sales and strong performance in Europe and by the Saucony brand. ...
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News briefsWolverine reorganizes leadership structure
By May 30 at the latest, Todd Spaletto will be stepping down as president of Wolverine Worldwide ’s Michigan Brands group, which consists of the Merrell , Chaco , CAT Footwear , Hush Puppies and Sebago brands. Rather than replace him in the post, Wolverine is ...
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ArticleWolverine wants to save $500 million
As reported in a separate article, Wolverine Worldwide was the company in our industry that got the biggest hit on the stock exchange between Jan. 1 and March 27. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking to navigate ...
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News briefsMerrell sponsors Skyrunner World Series; circuit postponed due to Covid-19
Merrell , part of Wolverine Worldwide , is the official supplier of the Skyrunner World Series . Trail running is still one of the fastest-growing segments of the outdoor industry and remains an absolute focus for the brand in 2020. The cooperation with one of the world’s most popular trail ...
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