All Wolverine Worldwide articles

  • News briefs

    Wolverine sees Q2 revenues increasing year-on-year


    Wolverine World Wide expects second-quarter revenues to grow year-on-year. The company noted that its performance has accelerated in the second quarter of the year, driven by the strength of its largest brands, Merrell , Saucony and Sperry , and “compelling product innovations.” The company’s portfolio also includes Hush ...


    Wolverine Worldwide appoints new executives for the group and Sperry


    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, including Merrell , Saucony , Sperry , Cat Footwear , ...


    Wolverine raises guidance after strong first quarter


    Wolverine Worldwide raised its guidance for the full financial year due to better-than-expected e-commerce growth in the first quarter and optimism over Covid-19 vaccine roll-outs. The group’s revenues in the three months to April 3 rose by 16.3 percent to $510.7 million, just about missing estimates of $511.8 million. ...

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    News briefs

    Wolverine 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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    Saucony takes charge of its Iberian distribution


    Saucony is taking charge of its own distribution on the Iberian Peninsula through a new subsidiary. For the past couple of decades the Wolverine -owned brand has relied on a company called Deerfoot Sport for its business in Spain, Portugal and Andorra. The new subsidiary will be headed ...

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    Wolverine gets S&P 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 repayed a $171 million, 364-day loan contracted because of the coronavirus pandemic and ...


    Wolverine posts weak results but is 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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    Wolverine makes two big executive appointments


    Wolverine Worldwide has made a couple of executive appointments to ring in the new year. It has expanded the duties of Jim Zwiers , the current president of its international group. Zwiers is now also president of Wolverine’s global operations group, overseeing portfolio-wide sourcing, logistics, distribution, customer service ...

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    Sperry names Elizabeth Drori head of marketing


    Sperry has appointed Elizabeth Drori as chief marketing officer. Before joining Sperry, which is part of Wolverine Worldwide , Drori worked for nearly three years at Walmart , where she became head of fashion marketing. Prior to Walmart, she was vice president in charge of strategic initiatives ...

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    Better-than-expected Q3 results for Wolverine


    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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    Wolverine takes its sales conference digital again


    Because of Covid-19 and its related safety measures, Wolverine Worldwide has expanded its partnership with Envoy B2B, taking its buyers’ conference digital. The American company was obliged to cancel its Global Brand Conference in the spring, depriving its 12 brands of a means to introduce their new products ...

  • News briefs

    Wolverine releases a bourbon-themed boot


    Wolverine has collaborated with Old Rip Van Winkle Distillery of Kentucky on a limited-edition boot, timing its release on Oct. 1 to coincide with that of the distillery’s bourbons. Made in the U.S., the boot is a cap-toe 1000 Mile silhouette with Horween Cavalier Squash leather, gold ...

  • News briefs

    Wolverine adopts First Insight's consumer analytics


    Wolverine Worldwide has announced a strategic partnership with First Insight under which it will deploy its Voice of the Customer predictive analytics solution across its portfolio of 12 brands, including Merrell, Sperry, Saucony, Hush Puppies and Keds . The deal follows a successful test conducted by ...


    Omni-channel retail specialist to become new president of Wolverine Worldwide


    Brendan Hoffman will take office on Sept. 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 ...

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    Global children’s footwear market seen up annual 4% to 2024


    The global market for children’s footwear is expected to grow by $8.65 billion between 2020 and 2024, representing an average annual increase of almost 4 percent, with the launch of exclusive designer footwear being instrumental in driving the market higher, according to the research and advisory firm Technavio . ...

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    Wolverine 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 ...

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    Cat Footwear has a new global brand president


    Cat Footwear , a division of Wolverine Worldwide , has appointed Chip Coe as its global brand president. He will be reporting to Chris Hufnagel , who belongs to Wolverine’s executive team and is global brand president of Merrell . Coe has been with Wolverine since 2010, serving as ...

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    Standard & Poor’s downgrades Wolverine to ‘BB’


    Wolverine Worldwide ’s share buyback policy and the impact of Covid-19 have lifted its debt leverage, prompting Standard Poor’s (S P) to downgrade its credit rating. A further downgrade is possible if the company fails to reduce its leverage in 2021, said S P. A few days ...

  • Article

    Europe and e-commerce helped Wolverine in Q1


    After posting record financial results in the fourth quarter of 2019, Wolverine Worldwide also 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, a strong performance in Europe and the Saucony brand.

  • News briefs

    Wolverine Worldwide launches several support initiatives in Covid-19 fight


    Wolverine Worldwide, based in Rockford, Michigan, has launched a series of initiatives to support health services and people under financial stress due to the Covid-19 pandemic. The group has donated more than 35,000 face masks to Spectrum Health in Grand Rapids, Michigan. The protective equipment will be used ...