Saucony news and archive

Saucony appoints new global chief marketing officer

Running and lifestyle brand Saucony, a division of Wolverine World Wide, Inc., has appointed Joy Allen-Altimare as its global chief marketing officer, effective immediately. The seasoned veteran has been brought on to help expedite the brand's transformative growth and further “cultivate a winning culture,” while developing and executing...

BusinessFeatured

Wolverine Worldwide Q1 revenues drop 34 percent, names new CFO

Wolverine Worldwide revenues of 394.9 million dollars declined 34.1 percent or 34.6 percent on a constant currency basis. Revenues from the ongoing business were down 24.5 percent or 25.1 percent constant currency to 390.8 million dollars. Gross margin for the quarter improved 650 bps to 45.9 percent, while adjusted gross margin improved 250 bps...

BusinessFeatured

Wolverine Worldwide Q4 revenues decline by 20.8 percent

Wolverine Worldwide’s fourth quarter revenue of 526.7 million dollars, declined 20.8 percent versus the prior year and declined 21.3 percent on a constant currency basis. Revenue from the ongoing business for the quarter was 521.2 million dollars and declined 18.4 percent on a constant currency basis. Revenue for the full year of 2,242.9 million...

BusinessFeatured

Wolverine sells Asia-based leather business, strenghtens Chinese joint venture

Outerwear group Wolverine World Wide has announced further efforts to advance the company’s ongoing transformation programme into a “consumer-obsessed growth category”. Among its newly revealed moves, Wolverine has said that it has secured a 61 million dollar agreement to sell minority ownership interest in the subsidiary that owns the Saucony...

PeopleFeatured

Wolverine Worldwide taps new president amid wider leadership changes

Wolverine Worldwide has announced a number of changes to its leadership team, including Chris Hufnagel as new company president. Company veteran Hufnagel has spent the last 14 years at the business, most recently serving as president of the company’s Active Group, and previously serving as global brand president of Cat Footwear. Hufnagel has...

Business

Wolverine Worldwide posts Q4 loss

For the fourth quarter, Wolverine World Wide, Inc. revenue of 665 million dollars, rose 4.6 percent or 8.4 percent on a constant currency basis. The company reported a net loss of 361.6 million dollars or 4.59 dollars per share and adjusted diluted loss per share of 15 cents for the quarter. The company's international business increased 22.2...

Business

Wolverine Worldwide expects earnings at low end of guidance range

Updating its outlook, Wolverine World Wide, Inc. said that the company expects fiscal 2022 full-year revenue of 2.685 billion dollars, representing approximately 11 percent growth and 14 percent on a constant currency basis. Fourth quarter revenue is expected to reach approximately 665 million dollars, representing approximately 5 percent growth...

Business

Wolverine Worldwide's Q3 revenue and profit miss forecast

Wolverine World Wide, Inc. revenue for the third quarter of 691.4 million dollars represents growth of 8.6 percent versus the prior year and growth of 12.2 percent on a constant currency basis. The company’s international business was up 33 percent to 303 million dollars and direct-to-consumer revenue was up 4.5 percent to 160 million dollars....

Fashion

Saucony launches apparel collection made with Cycora

Running brand Saucony, part of Wolverine World Wide, Inc., has launched an apparel collection in collaboration with Cycora by Ambercycle, a premium regenerated material made from end-of-life textiles. The Saucony x Cycora collection for men and women features a line of high-performance running tops, including a fitted tank, crop top, short...

BusinessFeatured

Wolverine Worldwide delivers 24.7 percent revenue increase in Q4

For the fourth quarter, Wolverine World Wide, Inc. reported revenue of 635.6 million dollars, up 24.7 percent versus the prior year. On a constant currency basis, revenue was up 24.6 percent. Excluding Sweaty Betty, revenue increased 9.4 percent versus the prior year and decreased 8.2 percent versus 2019. Ecommerce revenue was up 58.3 percent...

Fashion |In Pictures

Saucony Originals launches ‘Veg Tan’ sustainable sneakers

Running lifestyle brand Saucony has launched a limited-edition capsule collection of sneakers made from vegetable-tanned leather as it continues to look towards more sustainable methods. The ‘Veg Tan’ pack features a limited-edition colourway on three iconic Originals styles, the Jazz 81, Jazz Court and Shadow 6000, chosen as they represent the...

BusinessFeatured

Wolverine Worldwide's Q3 revenues grow by 29.1 percent

Wolverine World Wide, Inc. said reported revenue was 636.7 million dollars, up 29.1 percent versus the prior year. On a constant currency basis, revenue was up 28.2 percent versus the prior year. Ecommerce reported revenue was up 45 percent versus the prior year and up 126 percent versus 2019. “The company delivered strong double-digit revenue...