×
90 787
Fashion Jobs
SAKS
Manager, Asset Protection - Wbfc
Permanent · WILKES-BARRE
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 ·
Translated by
Nicola Mira
Published
May 12, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Wolverine Worldwide sales down in Q1 as group is busy restructuring

Translated by
Nicola Mira
Published
May 12, 2017

US footwear specialist Wolverine Worldwide is busy implementing the Wolverine Way Forward strategic plan, targeting an adjusted operating margin of 12% by 2018. The plan involves a streamlining of the group's retail structure in the USA: since the start of the year, Wolverine Worldwide has closed down 180 stores, notably the entire set belonging to the Stride Rite franchise.
 

Wolverine Worldwide is streamlining its retail structure - Keds


In the first quarter of the year, Wolverine Worldwide, owner of the Saucony, Sebago, Keds, Sperry-Topsider, Merrell and Wolverine brands, recorded a 4.8% sales shortfall, down to $591 million (€543 million). However, the group was satisfied with the level of its adjusted operating margin, which posted a significant improvement, reaching 11%, with a net income of $16.8 million in the first quarter.

For the entire fiscal year, the forecast is for revenue to reach between $2.27 billion and $2.37 billion, equivalent to a shortfall between 5% and 9% compared to 2016. The forecast for the adjusted operating margin is between 10.2% and 10.7%.

 

Copyright © 2022 FashionNetwork.com All rights reserved.