Welcome to our dedicated page for Wolverine World news (Ticker: WWW), a resource for investors and traders seeking the latest updates and insights on Wolverine World stock.
Wolverine World Wide, Inc. reports developments tied to a branded footwear and apparel portfolio that includes Merrell, Saucony, Sweaty Betty, Hush Puppies, Wolverine, Chaco, Bates, HYTEST and Stride Rite, along with licensed Cat and Harley-Davidson footwear. The company designs, markets and licenses casual, outdoor, athletic, kids, industrial work and uniform footwear and apparel sold through retailers in the United States and international markets.
Recurring news covers quarterly results and conference calls, board-declared cash dividends, brand collaborations such as Chaco product collections, Work Group leadership and product-innovation updates, and marketing technology initiatives involving Merrell and Saucony. Company updates also discuss brand performance, direct-to-consumer trends, gross margin drivers, tariffs, foreign currency and portfolio changes such as the prior Sperry sale.
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Wolverine World Wide (NYSE: WWW) announced it will report its first quarter fiscal 2023 financial results on May 10, 2023, at 6:30 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the results and current business trends. Interested parties can join the call by dialing 1-877-407-4018, and a live broadcast will be available on the Investor Relations section of its website. A recorded replay of the call will be accessible until June 10, 2023. The company, founded in 1883, specializes in branded footwear and apparel with a diverse portfolio including brands like Merrell, Saucony, and Hush Puppies, selling in approximately 170 countries.
Merrell has launched the MTL Skyfire 2, its lightest-ever trail running shoe, designed for elite athletes. Weighing under 7 oz., the shoe features a customized webbed Vibram® outsole, FloatPro Foam™ midsole, and FlexPlate™ for optimal comfort and stability on rugged terrains. The MTL Skyfire 2 is engineered for vertical mountain races, combining lightweight performance with durability, as it was developed in collaboration with professional trail runners. Merrell is also promoting a global Fastest Known Time (FKT) challenge, encouraging runners to record their best times in the new shoe. The MTL Skyfire 2 has received accolades from Runner's World and ISPO Awards, further solidifying its position in the competitive outdoor footwear market.
Wolverine Worldwide (NYSE: WWW) announced strategic changes aimed at enhancing the operating performance of Sweaty Betty, a premium women's activewear brand acquired in August 2021. Sweaty Betty will now report to Wolverine's International Group in London, aligning it with global growth opportunities. The company plans to reduce office space in London and implement cost-saving measures, which may include workforce reductions in the UK. These actions aim to optimize Sweaty Betty's cost structure and prepare for future investments. CEO Julia Straus is set to leave in June 2023, with a search for her successor already underway.
Wolverine World Wide (NYSE: WWW) announces the retirement of Blake Krueger as Chairman, effective May 4, 2023, succeeded by Tom Long, the Lead Independent Director. Krueger's nearly 30-year tenure transformed the company into a leading global brand. New Board members Stacia Andersen, Jodi Bricker, and DeMonty Price bring extensive experience in omnichannel retail and brand-building, effective March 14, 2023. The Board also acknowledges David McCreight's resignation to focus on his role at Lulu’s. This transition aims to bolster Wolverine's growth strategy and industry leadership.
Merrell, a leading outdoor footwear brand, announced the addition of ultrarunner Reid Burrows to its international trail team. Based in Canada, Burrows has achieved notable success in trail running since 2019, including first-place finishes in events such as the 2022 Sulphur Springs 50km and the Herring 20k Run. Merrell believes Burrows will enhance its athlete roster while contributing to product development through the Merrell Test Lab. In 2023, Burrows is set to participate in various high-profile races, promoting mental health awareness and community involvement through his initiatives. Merrell is a division of Wolverine World Wide (NYSE: WWW).