Wolverine World Wide reported second-quarter earning came in well ahead of Wall Street’s targets, helped by healthy growth for Merrell and Sperry and margin gains across brands. The company raised guidance for the year.
VF Corp. shares fell 3.6 percent Monday after the company announced spinoff and relocation plans. While investors asked "Why now?" about the move, analyst reaction was mostly positive as VF can now target more growth—both organically and acquisitively—in the outdoor and active lifestyle space.