Wolverine news and archive

Wolverine sells Asia-based leather business, strenghtens Chinese joint venture

Outerwear group Wolverine World Wide has announced further efforts to advance the company’s ongoing transformation programme into a “consumer-obsessed growth category”. Among its newly revealed moves, Wolverine has said that it has secured a 61 million dollar agreement to sell minority ownership interest in the subsidiary that owns the Saucony...

Business

Renfro Brands to manage socks business of boot maker Wolverine

Wolverine Boots and Apparel has decided to licence their sock business exclusively to Renfro Brands. In a statement, Wolverine said that the decision was taken citing the ever-evolving consumer, industry, and retail landscape as their main decision driver. "To better service the needs of our retailer partners and consumers, the decision to...

Business

Wolverine Worldwide sees over 90 percent rise in online revenues

Through the first nine weeks of the second quarter of fiscal 2020, Wolverine World Wide, Inc. said company-owned ecommerce grew more than 90 percent, delivering more than 40 percent of the company’s revenue. The company said in a statement that performance brands Merrell and Saucony as well as work brands Wolverine and Cat Footwear led this...

Fashion Featured

What to expect in fashion news from week 19, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the 19th week of the year. Below are the main points from the editorial agenda in the period between 6-12 May, 2019. Met Gala 2019 (6 May) On Monday, celebrities and major designers will be flocking to the red carpet to attend...

Business

Wolverine Worldwide announces two key executive appointments

Wolverine World Wide has announced important leadership appointments in two of the company's key strategic growth areas. To more fully align and accelerate the company's consumer-direct operations and omni-channel transformation initiatives, the company has appointed Scott Sincerbeaux as President of Consumer Direct. To coordinate expertise and...

Design

Wolverine to close 140 stores

Wolverine World Wide stated this week it will close up to 140 of its stores, which include Stride Rite and Wolverine stores, as part of a wider strategic initiative. The closures will account for nearly 30 percent of the company's 463 store portfolio. The news came despite revelations of financial growth, even though the company adjusted its...

Design

Wolverine names new VP of Heritage Brands

Footwear retailer and distributor Wolverine Worldwide has named Elliot Brown as vice president of its Heritage BrandsGroup EMEA. In his new role, Brown will head up the group’s portfolio of footwear brands including Cat Footwear, Sebago, Wolverine, Bates and Harley Davidson. He is tasked with taking the group, which is currently stocked...

Design

Wolverine to be outfitters for military personnel

Utility brand Wolverine is to be a footwear outfitter for US military personnel. The company stated America's Department of Defense will see new military recruits required to use their footwear allowance to purchase US-made athletic shoes that are compliant with the Berry Amendment once they are available in the market. The Berry Amendment,...

Fashion

Wolverine “looks promising” and keeps surprising market

Research analysts at Zacks expect “Wolverine's robust performance to continue going forward” after the apparel retailer Wolverine World Wide Inc. posted better-than-expected bottom line results in the past four quarters. In one of their first notes to investors of 2014, Zacks’ analysts have highlighted that Wolverine has “secured a comparatively...

Design

Wolverine names consumer direct president

Footwear retailer Wolverine Worldwide has promoted Jodi Watson to President of Consumer Direct, a role which will see her responsible for store direct-to-consumer operations for the company, including stores and e-commerce. Watson, who was most recently vice president of e-commerce, leading Wolverine's global digital strategy, will report to...

Design

Wolverine Worldwide Q4 revenues up 60.5 percent

Wolverine Worldwide revenues increased in both the fourth and full year financial results ended December 29, 2012. Its consolidated full-year revenue increased 16.4 percent, while the fourth quarter results showed an increase of 60.5 percent. During the fourth quarter, the Company completed the 1.25 billion dollars acquisition of the...

Design

Wolverine Worlwide announces quarterly cash dividend

The Directors of Wolverine Worldwide (NYSE: WWW) declared a quarterly cash dividend of 0.12 dollars per share of common stock. The dividend is payable on February 1, 2013 to stockholders of record on January 2, 2013. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of 0.48 dollars per share. In...