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Retail

Sweaty Betty adds two new stores in the US

London-based women’s activewear brand Sweaty Betty has opened two new US stores as it returns to a brick-and-mortar presence in the market. The activewear brand, owned by Wolverine World Wide, Inc., opened stores in Chicago's Southport neighbourhood and Washington, D.C.'s Georgetown area earlier this month. Both feature Sweaty Betty's collection...

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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...

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