×
83 802
Fashion Jobs
GAP
Asset Protection Service Representative
Permanent · North Bergen
ADIDAS
Manager Integrated Business Planning
Permanent · Portland
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Rice Lake
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Kearney
JCPENNEY
Senior Manager, Creative Operations (Samples And Creative Technology) â€" Marketing
Permanent · Plano
JCPENNEY
p&a Business Analyst - Women's Active
Permanent · Plano
LEVI'S
Senior Business Analyst, Global Distribution
Permanent · Henderson
NIKE
Marketplace Operations Business Analyst
Permanent · Beaverton
NIKE
Director, Retail Brand Marketing Men’s Performance & Lifestyle
Permanent · Beaverton
NIKE
na Retail Brand Marketing Manager Men’s Performance (Running)
Permanent · Beaverton
FOOT LOCKER
sr. Manager of Operations - Distribution Center
Permanent · Camp Hill
TAPESTRY
Manager, Materials
Permanent · New York
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hours - Settlers Green Outlets - North Conway, nh
Permanent · Conway
ESTÉE LAUDER
Lead Security Engineer - Enterprise Cybersecurity And Risk
Permanent · New York
GAP INC
Senior Product Manager – Retail Labor Optimization
Permanent · San Francisco
GAP INC
Associate Production Manager- Licensing- Old Navy
Permanent · San Francisco
GAP INC
Senior Asset Protection Manager
Permanent · McLean
NEW BALANCE
sr. Manager, Value Chain Business Operations (Project Management)
Permanent · Lawrence
CENTRIC BRANDS
Account Manager - Amazon
Permanent · New York
CENTRIC BRANDS
Human Resources Business Partner (Hrbp)
Permanent · New York
ULTA BEAUTY, INC.
Regional lp Manager
Permanent · Los Angeles
BANANA REPUBLIC
Asset Protection Service Representative - Bay Ridge
Permanent · New York
Published
Feb 23, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Wolverine Worldwide expects new downturn in 2016

Published
Feb 23, 2016

In 2016, American group Wolverine Worldwide is expecting a shortfall for a second, consecutive fiscal year. The US footwear giant (Sperry Top-Sider, Merrell, Saucony, Keds, etc.) has recently presented the results of its 2015 fiscal year, closed on 2nd January.

Sperry Top-Sider


Blake Krueger, the group's CEO, highlighted in the report how Wolverine Worldwide, with $2.69 billion (€2.45 billion), achieved a revenue consistent with expectations. Wolverine Worldwide nonetheless experienced a troubled fiscal year. Its revenue fell by 2.5% compared to the previous year, dragged down by unfavourable exchange rates. The group was notably supported by a 20% rise in e-commerce activities.

Despite a minor jump in the last quarter, its profitability was also on the same course. Given an EBIT of $201 million, the operating margin was 7.5% compared to 8.3% a year earlier. EBITDA was $123 million, compared to nearly $134 million in 2014.

The group has recently announced a reorganisation of its operational segments, and is also expecting sales to fall even more in 2016, net of exchange rates adjustments. The management is forecasting a revenue between $2.475 and $2.575 billion, equivalent to a decrease between 4% and 8% compared to 2015.

However, the organisational measures aimed at achieving an omni-channel model are expected to bear fruit in the current fiscal year. For the entire year, the group is forecasting an upswing in operating margin to 8.2%.

Copyright © 2022 FashionNetwork.com All rights reserved.