Wolverine worldwide news and archive

Wolverine Worldwide acquires Sweaty Betty for 410 million dollars

Wolverine World Wide, Inc. has acquired Sweaty Betty, a global fitness and lifestyle brand with the transaction valued at approximately 410 million dollars. “The acquisition of Sweaty Betty complements our strategic shift over the last several years from a traditional footwear wholesaler into a consumer-obsessed, digital-focused growth company....

Aug 3, 2021

Management

Wolverine Worldwide posts Q2 sales growth of 81 percent

For the second quarter of 2021, Wolverine World Wide, Inc. said, reported revenue was 631.9 million dollars, up 81 percent versus the prior year. On a constant currency basis, revenue was up 77.7 percent versus the prior year. The company said in a release that total direct-to-consumer reported revenue was up 17.5 percent versus the prior year...

Jul 29, 2021

People

Brendan Hoffman to take over as the CEO of Wolverine Worldwide

Wolverine World Wide, Inc. has announced that Brendan Hoffman, president and a member of the company’s board of directors, will also become chief executive officer at the end of the year. The company said, Hoffman will succeed Blake Krueger, who began his career with the company in 1993 and has been CEO since 2007 and chairman of the board since...

Jun 23, 2021

Report

Wolverine Worldwide expects to report strong growth in Q2 sales

In an update on the second quarter results, Wolverine World Wide, Inc. has announced that its performance has accelerated in the quarter of the year, fuelled by the strength of its largest brands and compelling product innovation. “The Company continues to see strong momentum and better-than-expected trends across nearly all brands in the...

Jun 8, 2021

People

Wolverine Worldwide announces appointment of two senior executives

Wolverine World Wide, Inc. has announced the appointment of Isabel Soriano as president of international, and Katherine Cousins as global brand president of Sperry. With her promotion to president of international, Soriano will now oversee all international regions for the company, including EMEA, Latin America, Asia-Pacific and Canada. She...

May 26, 2021

Report

After strong Q1, Wolverine Worldwide raises full year outlook

Wolverine World Wide, Inc. said reported revenue was 510.7 million dollars, up 16.3 percent versus the prior year, while on a constant currency basis, revenue was up 14.3 percent versus the prior year. The company’s owned ecommerce reported revenue grew 83.6 percent versus the prior year. For the full 2021, the company now expects revenue in the...

May 12, 2021

Report

Kathleen Wilson-Thompson to join Wolverine Worldwide’s board of directors

Wolverine World Wide, Inc. has appointed Kathleen Wilson-Thompson to its board of directors, effective May 5, 2021. Wilson-Thompson, 63, the company said, brings to the boardroom a wealth of global retail experience in senior executive roles, along with a combined 14 years as a director for three public companies. “Kathleen brings a breadth of...

Apr 15, 2021

Management

Wolverine Worldwide Q4 sales drop by 16.1 percent

For the fourth quarter, Wolverine World Wide, Inc. said reported revenue was 509.6 million dollars, down 16.1 percent versus the prior year, while on a constant currency basis, revenue was down 16.4 percent versus the prior year. The company’s owned ecommerce reported revenue grew 31.7 percent versus the prior year. The company added that...

Feb 25, 2021

Management

Wolverine Worldwide names Jim Zwiers as President, global operations and Matt Blonder as President of global ecommerce

Wolverine World Wide, Inc. has announced the appointment of Jim Zwiers as President, global operations group, responsible for portfolio-wide sourcing, logistics, distribution, customer service, and information technology and Matt Blonder as its new President, global ecommerce. The company said in a statement that Zwiers will concurrently serve...

Jan 6, 2021

Report

Keds appoints Jennifer Lynch as VP of global product

Keds, a division of Wolverine World Wide, Inc. has appointed footwear and apparel industry veteran Jennifer Lynch as the new Vice President of Global Product. In her new role, the company said in a statement, Lynch will manage design, product development and product management for the brand. “There is so much opportunity to build on Keds’...

Dec 2, 2020

Report

Sperry appoints Elizabeth Drori as Chief Marketing Officer

Elizabeth Drori has been named the new Chief Marketing Officer for Sperry, a division of Wolverine World Wide, Inc. In her new role, the company said in a statement, Drori will focus on developing and executing Sperry’s global brand strategy, including the delivery of integrated marketing activations across all consumer touch points and leading...

Nov 19, 2020

Report

Wolverine Worldwide Q3 revenues decline by 14.1 percent

Wolverine World Wide, Inc. reported revenue of 493.1 million dollars, down 14.1 percent, while on a constant currency basis, revenue was down 14.6 percent and company-owned ecommerce revenue grew 56.4 percent versus the prior year. “The Company’s third quarter results significantly exceeded our expectations, reaffirming the inherent strength of...

Nov 5, 2020