Wolverine World Wide, Inc. named Chris Hufnagel as company president, promoted Janice Tennant to Merrell's global brand president and named Rob Griffiths as global brand president of Saucony. (Read More)
Wolverine World Wide, Inc. reported first-quarter earnings that slightly exceeded expectations on strength at Merrell and Saucony while announcing that it was exploring the sale of its struggling Sperry business and revealing that Anne Cavassa, president of Saucony, had left the company. (Read More)
Wolverine World Wide, Inc. reported sales declined 2.5 percent in the first quarter ended April 1 as strong double-digit gains for Merrell and Saucony were offset by declines at Sperry and its work footwear brands. Results were in line with guidance and Wolverine affirmed its guidance for the year. (Read More)
Wolverine World Wide, Inc. reported it intends to improve operating performance, fuel global growth and enable future investments into Sweaty Betty, the women’s activewear brand it acquired in August 2021. (Read More)
Wolverine World Wide, Inc. reported today that its Chairman and retired CEO, Blake Krueger, will retire from the Board on May 4. Tom Long, the Board's lead independent director, will assume the role of Chairman on May 4. The company also elected three new board members—Stacia Andersen, Jodi Bricker and DeMonty Price. (Read More)
Wolverine Worldwide reported fourth-quarter results that were in line with guidance but officials on a call with analysts gave a bullish outlook for profit improvement in the back half of 2023 as inventory and expense reduction efforts are already starting to pay off. For the current year, mid-single digit growth is expected for both Merrell and Saucony and low-single digits gains for Sweaty Betty. (Read More)
Wolverine Worldwide's fourth-quarter sales grew 8.4 percent as strong double-digit growth at Merrell and Saucony offset a steep decline at Sperry. Overall results were in line with recently-updated guidance. Guidance for the current year calls for margin pressures to continue in the first half of the year to further reduce inventories and low-single-digit growth on a currency-neutral basis for the overall year. (Read More)
The Wolverine World Wide, Inc. Board of Directors declared a quarterly cash dividend of 10 cents per share of common stock. (Read More)
Designer Brands, the parent of DSW, reported it acquired Keds from Wolverine Worldwide. The company also expanded its agreement with Hush Puppies to include U.S. and Canadian licensing. (Read More)
Moody's downgraded the debt ratings on Wolverine World Wide, Inc. due to the footwear maker's updated Q4 2022 guidance, which was lower than previously projected by Moody's, as well as Moody's expectation that leverage will remain high over the next 12-18 months. (Read More)
S&P Global Ratings downgraded the debt ratings on Wolverine World Wide, Inc., citing the footwear company's weakened operating performance over the past few quarters. (Read More)
Speaking at the 2023 ICR Conference, Brendan Hoffman, president and CEO, Wolverine Worldwide, elaborated on how the company’s realigned reporting structure and 100-day plan are designed to “move the needle” and prioritize investments into its three biggest growth opportunities: Merrell, Saucony and Sweaty Betty. The realignment also led to its decision to divest Keds (Read More)
Wolverine World Wide, Inc. updated its outlook for fiscal 2022 revenue, earnings, inventory and net debt, reporting that the company expects the following preliminary and unaudited financial results as of December 31, 2022. (Read More)
Wolverine World Wide, Inc. reported it started a formal process to divest or license the Keds brand and the Wolverine Leathers business. Timed with the reorganization, WWW announced earlier this week that it was reducing its workforce to support the restructuring. (Read More)
Moody's Investors Service changed Wolverine World Wide, Inc.'s debt-ratings outlook to negative from stable. The change in outlook to negative from stable reflects the risk that leverage may remain elevated for a prolonged period given the more promotional retail environment, lower consumer discretionary spending, and unfavorable foreign currency trends. (Read More)
Wolverine World Wide, Inc. is reorganizing its brand group structure into the Active, Work, and Lifestyle Groups and appointed new leadership for each group. (Read More)
Wolverine World Wide, Inc. saw double-digit gains at Merrell in the third quarter, but overall consolidated sales and profitability came in below plan due to supply chain and promotional pressures. Wall Street punished the company in response to its reduced guidance for the year, as WWW shares plummeted more than 34 percent for the day. (Read More)
Wolverine World Wide, Inc. saw strong double-digit gains at Merrell in the third quarter but overall sales and profitability came in below plan due to supply chain and promotional pressures. The company reduced its guidance for the year. (Read More)
Wolverine World Wide, Inc. hired Nicholas Long as the lead independent director of its Board of Directors. (Read More)
A judge has given tentative approval in a $54 million settlement involving Wolverine Worldwide and 3M Co. related to a class action lawsuit over PFAS chemicals that contaminated drinking water in western Michigan. The chemicals from a since-closed tannery were discovered five years ago. (Read More)