
The Rockford, Michigan-based footwear manufacturer announced on Tuesday that, despite slipping revenues, the company saw strong earnings growth in the third quarter of 2018.
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The Rockford, Michigan-based footwear manufacturer announced on Tuesday that, despite slipping revenues, the company saw strong earnings growth in the third quarter of 2018.
Wolverine sold to Tennessee-based footwear manufacturer Original Footwear assets of its US DoD contract and outstanding contracts, including its Big Rapids, Michigan factory.
The American brand spealicialized in footwear has appointed Todd Spaletto to the position of president of the Wolverine Outdoor and Lifestyle Group.
Wolverine Worldwide has promoted Mike Jeppesen to an expanded role as president of the Wolverine Heritage Group.
The American group of footwear brands recorded a 2.5% decline in sales in 2015, down to $2.69 billion. For 2016, top management expects a downturn ranging between 4% and 8%, but the group's profitability should improve.
Richie Woodworth has been appointed President of Wolverine's Lifestyle Group, which includes Sperry, Stride Rite, Keds and Hush Puppies, effective January 3, 2016.
The American group has appointed Rick Blackshaw, who has served as president of Keds since January 2012, as president of Sperry Top-Sider. To fill the vacancy he leaves at Keds, Chris Lindner will take the opposite path.
The U.S. group has completed the integration of its PLG brand acquisition. Pro forma revenues rose to 1.96 billion euros, a 5.6% increase over 2012. The group forecasts growth in sales of 3% to 6% in 2014.
The U.S. footwear group doubled its revenue in the first quarter of 2013 ended March 23. The boost came mainly from newly acquired PLG brands, but these still managed to weigh on the company’s operating margin.
Wolverine Worldwide Inc is teaming up with two private equity firms to buy Collective Brands Inc in a $1.32 billion deal that will split Collective's shoe brands from its Payless ShoeSource retail business.