All Wolverine Worldwide articles – Page 4
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News briefs
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. In a ...
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News briefs
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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News briefs
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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News briefsStandard & 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 ...
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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.
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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 ...
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News briefs
Wolverine appoints global brand presidents
Wolverine World Wide has appointed Joelle Grunberg as global president of its Sperry division and Tom Kennedy as global president of the Wolverine brand, with oversight for the Licensing Group and membership on the acquisitions team. Grunberg has spent the past seven years as president and chief executive for North ...
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Article
Chemicals and coronavirus weigh on Wolverine’s results
The group’s two biggest footwear brands, Merrell and Sperry, helped Wolverine Worldwide finish the last year on a high in terms of revenues, with both of them scoring growth in the mid-teens for the fourth quarter ended on Dec. 28. The company also benefited from an acceleration in direct-to-consumer sales ...
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