×
90 795
Fashion Jobs
BLOOMINGDALE'S
Manager, Sales - Handbags/Luggage/Womens Shoes
Permanent · Hackensack
BATH & BODY WORKS
Senior Manager, Content Production
Permanent · REYNOLDSBURG
HUDSON'S BAY
General Manager, The Wellery in Brookfield
Permanent · NEW YORK
HBC
General Manager, The Wellery in Brookfield
Permanent · New York
MACY'S
Manager, Weekend Operations (Fri to Sun, 6:30am to 6:30pm)
Permanent · Columbus
MACY'S
Asset Protection Detective, Castleton - Full Time
Permanent · Indianapolis
MACY'S
Manager, Merchandise Execution
Permanent · San Francisco
MACY'S
Asset Protection Officer, Columbus - Full Time (2840)
Permanent · Columbus
MACY'S
Asset Protection Detective, Santa Anita - Full Time
Permanent · Arcadia
MACY'S
Asset Protection Detective, Mall at Greece Ridge Center - Full Time
Permanent · Rochester
MACY'S
Inventory Control Processor, Chicago - Full Time (3200)
Permanent · Minooka
MACY'S
Asset Protection Captain, Antelope Valley - Full Time
Permanent · Palmdale
MACY'S
Beauty Account Coordinator - Clinique
Permanent · Alpharetta
MACY'S
Asset Protection Detective, Florida Mall - Full Time
Permanent · Orlando
MACY'S
Asset Protection Detective, Roseville Galleria - Full Time
Permanent · Roseville
MACY'S
Manager, Asset Protection - Multi Store
Permanent · Austin
MACY'S
Manager, Merchandise Execution
Permanent · Sarasota
ATHLETA
General Manager - The Gardens Mall
Permanent · Palm Beach Gardens
RAG & BONE
Sales Supervisor (Full -Time) - Georgetown Women's
Permanent · Washington
RAG & BONE
Sales Supervisor (Full -Time) - Atlanta
Permanent · Atlanta
CLARKS
Junior Finance Analyst
Permanent ·
CLARKS
Performance Marketing Manager
Permanent · NEEDHAM
Published
Nov 6, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Wolverine Worldwide sales decrease 14% in Q3

Published
Nov 6, 2020

Outdoor and active apparel and footwear company Wolverine World Wide, Inc. (Wolverine Worldwide) announced a 14.1% decline in its third-quarter sales on Thursday, despite strong performances from its e-commerce channel and the Saucony and Chaco brands.


The Saucony brand saw double-digit revenue growth in Q3 - Instagram: @saucony


For the third quarter ended September 26, 2020, the Rockford, Michigan-based group reported revenue of $493.1 million, down from $574.3 million in the prior-year period.
 
In spite of the overall decline, revenues from Wolverine Worldwide’s owned e-commerce channel were a bright spot, rising 56.4% compared to the same period in the previous year. The company’s CEO, Blake W. Krueger, also pointed out that both the Saucony and Chaco brands delivered double-digit revenue growth in the quarter.

The company, which also owns the Merrell, Sperry, Hush Puppies and Wolverine brands, among others, reported quarterly net earnings of $22.4 million, or $0.27 per diluted share, down from $48.7 million, or $0.57 per diluted share, in the same period in the previous year.
 
“The company’s third quarter results significantly exceeded our expectations, reaffirming the inherent strength of our portfolio and strong brand positioning in winning product categories and distribution channels,” commented Krueger in a release.

“I am encouraged by our growing momentum in the face of the headwinds created by the global pandemic and excited about the growth opportunities in front of the company for 2021 and beyond,” he added.
 
Year to date, the company achieved revenues of $1.28 billion, compared to $1.67 billion in the first three quarters of the previous year. Net income for the period was $33.8 million, or $0.41 per diluted share, decreasing from $129.million, or $1.44 per diluted share.
 
 

Copyright © 2022 FashionNetwork.com All rights reserved.