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wolverine worldwide news and archive

Management

Brendan Hoffman joins Wolverine Worldwide as President

Wolverine World Wide, Inc. has announced the appointment of Brendan Hoffman as its next President and his appointment as a member of its board of directors, both effective on his expected start date of September 8, 2020. Hoffman, the company said in a statement, will report to Blake W. Krueger, Wolverine Worldwide’s current Chairman, CEO and...

Aug 12, 2020

Report

Wolverine Worldwide Q2 sales drop but online revenues grow 96 percent

Wolverine World Wide, Inc. reported revenue of 349.1 million dollars, down 38.6 percent versus the prior year. On a constant currency basis, the company said in a statement, revenue was down 38.3 percent versus the prior year, while company-owned ecommerce revenue grew 96 percent versus the prior year. “The company’s second quarter results were...

Aug 5, 2020

Management

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...

Jun 4, 2020

People

Keds Announces New Global Brand President

WALTHAM, Mass., May 21, 2020– Bornie Del Priore has been named the new Global Brand President of iconic sneaker and women’s lifestyle brand Keds®, a division of Wolverine World Wide, Inc. (NYSE: WWW). Del Priore has more than two decades of global footwear industry experience and currently serves as Global Brand President of the Wolverine...

May 28, 2020

Report

Wolverine Worldwide Q1 revenues fall by 16.1 percent

Wolverine World Wide, Inc., for its first quarter said reported revenue was 439.3 million dollars, down 16.1 percent versus the prior year. On a constant currency basis, revenue was down 15.6 percent versus the prior year, while company-owned ecommerce growth for the quarter was 17.5 percent. Reported gross margin was 41.4 percent, compared to...

Apr 22, 2020

Report

Wolverine Worldwide adds three senior executives to its leadership team

Wolverine Worldwide, Inc. has announced the appointment of Chris Hufnagel, Joelle Grunberg and Tom Kennedy to the company’s executive leadership team. The company said in a statement that each will now be responsible for multiple brands within the company’s diverse portfolio, and report directly to Blake W. Krueger, Wolverine’s Chairman, CEO and...

Apr 21, 2020

Report

Wolverine Worldwide president Todd Spaletto steps down

Wolverine World Wide, Inc. has announced that Todd Spaletto will be resigning as president of the Wolverine Group on or before May 30. “His departure is not based on any disagreement with the company relating to its operations, policies or practices,” noted the Rockford, Michigan-based footwear manufacturer via a regulatory filing. The two...

Apr 20, 2020

Management

Wolverine Worldwide's Q4 adjusted earnings increase 13.5 percent

Wolverine World Wide, Inc. reported revenue of 607.4 million dollars, an increase of 4.8 percent, while adjusting for currency, revenues increased 5.1 percent. The company said in a statement, reported gross margin of 37.8 percent, decreased 140 basis points versus the prior year. Reported operating margin was negative 0.8 percent, and adjusted...

Feb 25, 2020

Report

Wolverine Worldwide announces two leadership appointments

Wolverine World Wide, Inc. has announced the appointment of Joelle Grunberg as Global President of Sperry and the appointment of Tom Kennedy as Global President of the Wolverine brand. The company said in a statement that Grunberg joins Wolverine Worldwide from Lacoste, where she served as president and CEO of North and Central America, while...

Feb 20, 2020

Report

Wolverine Worldwide Q3 earnings rise 9.7 percent

Wolverine World Wide, Inc., for its third quarter said, reported revenue of 574.3 million dollars increased 2.8 percent and adjusting for currency, revenue increased 3.6 percent. Reported gross margin of 42.4 percent, the company added, was in line with expectations, and increased 80 basis points compared to 41.6 percent in the prior year....

Nov 7, 2019

Report

Wolverine Worldwide appoints first Chief Merchant Officer

Wolverine World Wide, Inc. has announced the addition of veteran merchandising and branding expert Angelo Ng as the company’s first-ever Chief Merchant Officer. The company said in a statement that Ng brings more than 25 years of merchandising, sourcing and marketing experience from a variety of apparel, footwear and accessories brands. “We’re...

Oct 17, 2019

Report

Wolverine Worldwide names Chris Hufnagel as Global Brand President of Merrell

Wolverine World Wide, Inc. has appointed Chris Hufnagel as Global Brand President of Merrell, the largest brand within its portfolio. The company said in a statement that a 10-year veteran of Wolverine, Hufnagel most recently served as global brand president of Cat Footwear. In his new role, Hufnagel will continue reporting to Todd Spaletto,...

Sep 13, 2019