Wolverine World Wide

Wolverine Worldwide Declares Quarterly Dividend

Retrieved on: 
Wednesday, February 7, 2024

Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock.

Key Points: 
  • Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock.
  • The dividend is payable on May 1, 2024, to stockholders of record on April 1, 2024.
  • The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share.

Wolverine Worldwide Announces Fourth Quarter and Full Year Fiscal 2023 Conference Call for February 21, 2024

Retrieved on: 
Wednesday, February 7, 2024

Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its fourth quarter and full year fiscal 2023 financial results on Wednesday, February 21, 2024, at approximately 6:30 a.m.

Key Points: 
  • Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its fourth quarter and full year fiscal 2023 financial results on Wednesday, February 21, 2024, at approximately 6:30 a.m.
  • ET.
  • Following the press release, the Company will host a conference call at 8:30 a.m.
  • The conference call will be broadcast live and accessible under “Webcasts & Presentations” in the Investor Relations section of www.wolverineworldwide.com .

RUDIS Achieves 80% Revenue Increase with Shopify Plus & CQL

Retrieved on: 
Tuesday, February 6, 2024

RUDIS, a Marysville-based wrestling apparel company, today announced the success of its digital transformation on Shopify Plus, in partnership with digital agency CQL.

Key Points: 
  • RUDIS, a Marysville-based wrestling apparel company, today announced the success of its digital transformation on Shopify Plus, in partnership with digital agency CQL.
  • Launching their digital transformation just before Black Friday Cyber Monday (BFCM) 2023, RUDIS achieved the largest volume and year-over-year growth in its history, with an 80% revenue increase, a 70% order increase, and a 27% conversion rate increase.
  • View the full release here: https://www.businesswire.com/news/home/20240206070227/en/
    RUDIS achieved its largest volume and year-over-year growth in history with its digital transformation to Shopify, in partnership with digital agency CQL.
  • RUDIS partnered with CQL to stabilize the new RUDIS site on Shopify Plus and then optimize the site with a rapid iteration of new features, integrations, and enhanced design and user experience.

Brendan Gibbons Appointed Chief Legal Officer at Allurion Technologies

Retrieved on: 
Monday, January 29, 2024

Allurion Technologies, Inc. (NYSE:ALUR), a company dedicated to ending obesity, today announced the appointment of Brendan Gibbons as its new Chief Legal Officer and corporate secretary.

Key Points: 
  • Allurion Technologies, Inc. (NYSE:ALUR), a company dedicated to ending obesity, today announced the appointment of Brendan Gibbons as its new Chief Legal Officer and corporate secretary.
  • Brendan joins Allurion with nearly 20 years’ experience as a chief legal and compliance officer at three separate public companies.
  • Most recently, Brendan served as Executive Vice President and Chief Legal Officer at Acushnet Company, the parent company of Titleist and other golf brands and a global leader in product innovation, precision manufacturing, and performance.
  • "We are thrilled to welcome Brendan to Allurion as our Chief Legal Officer," said Dr. Gaur.

Wolverine Worldwide Sells Sperry

Retrieved on: 
Thursday, January 11, 2024

Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has sold the Sperry brand to Authentic Brands Group, Inc., and the ALDO Group.

Key Points: 
  • Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has sold the Sperry brand to Authentic Brands Group, Inc., and the ALDO Group.
  • The transaction closed on January 10, 2024, and will generate total proceeds of approximately $130 million in the first quarter to pay down debt, further strengthening the Company’s balance sheet.
  • “The sale of the Sperry brand is the next step in our turnaround and strategic transformation,” said Chris Hufnagel, Wolverine Worldwide’s President and Chief Executive Officer.
  • “In a very short time, we have meaningfully reshaped Wolverine Worldwide – simplifying the portfolio, reducing our debt, and redesigning the organization to drive improved performance and profitability,” Hufnagel added.

Wolverine Worldwide Affirms Preliminary 2023 Financial Results in Line With Guidance

Retrieved on: 
Monday, January 8, 2024

“For the fourth quarter and full year, we expect to deliver financial results in line with our guidance – while achieving better-than-anticipated year-end debt and inventory levels.

Key Points: 
  • “For the fourth quarter and full year, we expect to deliver financial results in line with our guidance – while achieving better-than-anticipated year-end debt and inventory levels.
  • This release does not present all necessary information for an understanding of the Company’s full year and fourth quarter fiscal 2023 results and the Company’s financial condition as of December 30, 2023.
  • Measures referred to in this release as “adjusted” financial results and the financial results of the "ongoing business" are non-GAAP measures.
  • The financial results of the ongoing business exclude financial results from the Keds business, Wolverine Leathers business and reflect an adjustment for the transition of our Hush Puppies North America business to a licensing model in the second half of 2023.

Wolverine Worldwide to Present at the 2024 ICR Conference

Retrieved on: 
Wednesday, January 3, 2024

Wolverine World Wide, Inc. (NYSE: WWW) announced today that members of its management team will present, and participate in investor meetings, at the 2024 ICR Conference to be held on January 8 through January 10, 2024 at the Grand Lakes Orlando Resort.

Key Points: 
  • Wolverine World Wide, Inc. (NYSE: WWW) announced today that members of its management team will present, and participate in investor meetings, at the 2024 ICR Conference to be held on January 8 through January 10, 2024 at the Grand Lakes Orlando Resort.
  • The presentation is scheduled for Monday, January 8, 2024 at 10:00 a.m. Eastern Time and will be hosted by Chris Hufnagel, President and Chief Executive Officer and Mike Stornant, Executive Vice President and Chief Financial Officer.
  • A live webcast of the presentation can be accessed at the investor relations section of the Company’s website, www.wolverineworldwide.com .
  • A replay of the presentation will be available on the Company’s website for 90 days.

Wolverine Worldwide Appoints Bishu Jayaram as Chief Supply Chain Officer

Retrieved on: 
Thursday, December 21, 2023

Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has appointed Bishu Jayaram to serve in the newly-created role of Chief Supply Chain Officer.

Key Points: 
  • Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has appointed Bishu Jayaram to serve in the newly-created role of Chief Supply Chain Officer.
  • Mr. Jayaram, a seasoned executive with over 20 years in supply chain and sourcing roles, has served as Wolverine Worldwide’s Senior Vice President of Global Sourcing for the past two years, leading sourcing activities for all product categories across the Company’s portfolio of brands.
  • Before joining Wolverine, he spent six years with VF Corporation in a variety of supply chain capacities, including leading Asia sourcing for all footwear, equipment, and packs – while also leading global material supply for all apparel, footwear, and equipment.
  • Earlier in his career, Mr. Jayaram held supply chain and costing roles with Avery Denison, Adidas, and Gap, Inc.
    “Bishu has a proven track record of successfully navigating complex supply chain landscapes and implementing innovative strategies and has led the Company’s sourcing organization during a period of unprecedented supply chain volatility,” said Chris Hufnagel, President and CEO of Wolverine Worldwide, to whom Mr. Jayaram will report.

Wolverine Worldwide Advances Transformation Initiatives

Retrieved on: 
Monday, December 18, 2023

Wolverine World Wide, Inc. (“Wolverine Worldwide” or the “Company”) (NYSE: WWW) announced strategic actions that further focus the Company’s portfolio and advance its ongoing transformation into a consumer-obsessed growth company.

Key Points: 
  • Wolverine World Wide, Inc. (“Wolverine Worldwide” or the “Company”) (NYSE: WWW) announced strategic actions that further focus the Company’s portfolio and advance its ongoing transformation into a consumer-obsessed growth company.
  • Wolverine Worldwide formed a joint venture with Xtep in 2019 to launch the Merrell and Saucony brands in China.
  • Wolverine Worldwide has entered into a definitive agreement to sell its Asia-based Wolverine Leathers business to Interhides Public Company Limited, a current materials vendor of the Company, for approximately $9 million.
  • Wolverine will provide more detail regarding these actions and other strategic initiatives at the Annual ICR Conference on January 8, 2024.

Wolverine Speeds Time-to-market with Centric Software Suite of Solutions

Retrieved on: 
Tuesday, November 28, 2023

CAMPBELL, Calif., Nov. 28, 2023 /PRNewswire-PRWeb/ -- Centric Software® is delighted to announce the release of a success story about its customer, Wolverine Worldwide. 

Key Points: 
  • A footwear company uses 3D-enabled Centric PLM, Centric Pricing and Centric Visual Assortment Board to speed time-to-market
    CAMPBELL, Calif., Nov. 28, 2023 /PRNewswire-PRWeb/ -- Centric Software® is delighted to announce the release of a success story about its customer, Wolverine Worldwide.
  • That sealed our decision to go with Centric Software.
  • Stringent business requirements narrowed the field down to two PLM vendors, with Centric Software winning in the end.
  • Last, but not least Wolverine is making use of Centric Pricing to inform pricing and assortment strategy, with the ability to look at competitive assortments.