Wolverine news and archive

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...

Business

Renfro Brands to manage socks business of boot maker Wolverine

Wolverine Boots and Apparel has decided to licence their sock business exclusively to Renfro Brands. In a statement, Wolverine said that the decision was taken citing the ever-evolving consumer, industry, and retail landscape as their main decision driver. "To better service the needs of our retailer partners and consumers, the decision to...

Business

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...

Apparel

Wolverine Worldwide ventures in India with Tata

Michigan-based Wolverine Worldwide has announced the formation of a joint venture with Tata International to market footwear and apparel in India. The new joint venture will initially be responsible for the wholesale distribution of Wolverine Worldwide's Merrell and Caterpillar footwear brands. Wolverine Worldwide and Tata International will...

Apparel

Wolverine Worldwide revenue decreases in Q1

Michigan-based Wolverine Worldwide reported financial results for the first quarter ended March 24, 2012. Revenue for the quarter was $322.8 million, a decrease of 2.4% compared to the prior year's first quarter when revenue grew approximately 16%. Foreign exchange negatively impacted revenue by $2.2 million. In addition to the comparison to...