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Wolverine World Wide, Inc. - WWW STOCK NEWS

Welcome to our dedicated page for Wolverine World Wide news (Ticker: WWW), a resource for investors and traders seeking the latest updates and insights on Wolverine World Wide stock.

Wolverine World Wide, Inc. (NYSE: WWW), established in 1883, is a leading global marketer and licensor of branded casual, active lifestyle, work, outdoor sport, athletic, children's, and uniform footwear and apparel. The company is headquartered in Rockford, Michigan, and distributes its products in over 170 countries and territories. Wolverine World Wide’s portfolio boasts renowned brands such as Merrell, Sperry, Hush Puppies, Saucony, Wolverine, Keds, Stride Rite, Chaco, Bates, and Hytest. Additionally, the company is the global footwear licensee for the popular Cat and Harley-Davidson brands.

The company is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories through its diverse business segments: Active Group, Work Group, Lifestyle Group, and Other. The Active Group segment, which includes the Merrell, Saucony, Sweaty Betty, and Chaco brands, generates the maximum revenue.

Recent achievements include the launch of the Marathumb Challenge by Saucony to encourage physical activity over smartphone usage. Saucony, one of Wolverine World Wide’s key brands, introduced the Ride 17 and Guide 17 sneakers, bringing innovations like PWRRUN+ midsole and CenterPath Technology™ to enhance the running experience. The Marathumb Challenge measures the distance users scroll on their phones and compares it to their physical steps, motivating users to move more and scroll less.

Wolverine World Wide has partnered with the American Camp Association (ACA) to promote camp employment through the “Work at Camp” event, aimed at college and university students. This initiative highlights the benefits of working at camps, fostering leadership, time management, and communication skills.

Financially, Wolverine World Wide has maintained a strong market presence with consistent revenue streams from its diverse brand portfolio. The company’s strategy focuses on innovation, expanding its market reach, and building strong consumer relationships. Wolverine World Wide continues to inspire and engage its consumers through high-quality, performance-driven products designed for various activities and lifestyles.

News

Celebrate Chaco's 35th Birthday with "Chaco for Life" Campaign, Special Releases, Teases Nationwide Tour

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Chaco, the outdoor footwear brand, is celebrating its 35th birthday with the launch of the 'Chaco for Life' campaign, dedicated to empowering individuals to embrace moments that make them feel alive. The brand is also releasing a limited-edition rivers collection of Z/Sandals, featuring webbing patterns inspired by the beauty of rivers. This marks a significant milestone for Chaco, founded in 1989 by a whitewater rafting guide.
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Saucony Calls on Consumers to Move their Feet More than their Feed with the Launch of the Marathumb Challenge

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Saucony launches The Marathumb Challenge, an app aimed at combating excessive phone scrolling with physical activity. The app is designed to encourage users to prioritize steps over scrolling, promoting physical activity and wellness.
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Merrell Continues to Grow Trail Category; Enlists Professional Runner Coree Woltering to Team

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Merrell® (MRL) strengthens its global trail team with the addition of ultra-runner Coree Woltering and three other athletes for 2024. The brand's commitment to innovation and performance in outdoor footwear is reinforced through the signing of these athletes, who embody the brand's ethos of inclusivity, quality, and innovation.
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Wolverine Worldwide Sells Sperry

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Wolverine World Wide, Inc. (NYSE: WWW) has sold the Sperry brand to Authentic Brands Group, Inc. and the ALDO Group, generating approximately $130 million in proceeds to further strengthen the company's balance sheet. This sale is part of the company's strategic transformation and turnaround, following previously-announced asset monetization transactions that generated nearly $250 million in cash in 2023.
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Wolverine Worldwide Affirms Preliminary 2023 Financial Results in Line With Guidance

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Wolverine World Wide, Inc. (NYSE: WWW) expects net debt and inventory to be better than guidance, with full year and fourth quarter reported revenue in line with expectations, and a focus on strategic transformation efforts.
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Wolverine Worldwide to Present at the 2024 ICR Conference

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Wolverine World Wide, Inc. (NYSE: WWW) to present at 2024 ICR Conference with management team members Chris Hufnagel and Mike Stornant. Live webcast and replay available on company website.
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Wolverine Worldwide Appoints Bishu Jayaram as Chief Supply Chain Officer

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Wolverine World Wide, Inc. (NYSE: WWW) appoints Bishu Jayaram as Chief Supply Chain Officer, bringing over 20 years of supply chain and sourcing experience to drive the company's strategic transformation into a consumer-obsessed growth company. The company also announced the transition of Jim Zwiers, Executive Vice President and President of its Global Operations Group, in early 2024.
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Wolverine Worldwide Advances Transformation Initiatives

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Wolverine Worldwide, Inc. (NYSE: WWW) has announced strategic actions aimed at simplifying its business model and generating $70 million in proceeds. The company has focused on stabilizing the business today while transforming into a consumer-obsessed growth company. The actions include optimizing its successful Merrell and Saucony joint venture in China, selling its Asia-based Wolverine Leathers business, and previously announced transactions involving Keds, Hush Puppies, and U.S. Wolverine Leathers. These actions aim to reduce the cost structure, strengthen the balance sheet, and enhance the ability to invest in brands and platforms, ultimately delivering stronger returns for shareholders.
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Merrell Appoints Pallav Tamaskar as New Chief Marketing Officer

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Merrell® (MRRL) appoints Pallav Tamaskar as Chief Marketing Officer (CMO) to lead global marketing strategy, modernize integrated marketing campaigns, and drive cultural relevance through innovative product collaborations and brand-purpose programming. Tamaskar brings a strong Consumer Packaged Goods and Media background, having served as the Executive Vice President and Managing Director of Myprotein (THG) North America and held executive roles at ESPN and Fortune 100 companies like PepsiCo and Procter & Gamble.
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Wolverine Boots and Apparel Licenses Sock Business to Renfro Brands

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Wolverine Boots and Apparel (WWW) has decided to exclusively license their sock business to Renfro Brands starting January 1, 2024. This strategic partnership aims to prioritize the sock category and provide the highest quality products in the industry to meet the evolving needs of consumers and retailers. Renfro's expertise in sock manufacturing will enable Wolverine to offer a wide range of innovative socks, expanding their portfolio and reaching retailers nationwide.
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FAQ

What is the current stock price of Wolverine World Wide (WWW)?

The current stock price of Wolverine World Wide (WWW) is $23.06 as of December 20, 2024.

What is the market cap of Wolverine World Wide (WWW)?

The market cap of Wolverine World Wide (WWW) is approximately 1.8B.

What does Wolverine World Wide, Inc. do?

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes branded footwear, apparel, and accessories globally.

Which brands are part of Wolverine World Wide’s portfolio?

Wolverine World Wide’s portfolio includes Merrell, Sperry, Hush Puppies, Saucony, Wolverine, Keds, Stride Rite, Chaco, Bates, and Hytest. It also licenses Cat and Harley-Davidson footwear.

Where is Wolverine World Wide, Inc. headquartered?

Wolverine World Wide, Inc. is headquartered in Rockford, Michigan.

What are the core business segments of Wolverine World Wide, Inc.?

The core business segments are Active Group, Work Group, Lifestyle Group, and Other.

What recent products has Saucony launched?

Saucony recently launched the Ride 17 and Guide 17 sneakers, featuring innovations like the PWRRUN+ midsole and CenterPath Technology™.

What is the Marathumb Challenge?

The Marathumb Challenge, introduced by Saucony, measures the distance users scroll on their phones and compares it to their physical steps, encouraging more movement.

How does Wolverine World Wide promote youth employment?

Wolverine World Wide promotes youth employment through partnerships like the “Work at Camp” event with the American Camp Association, aimed at college and university students.

Which segment generates the most revenue for Wolverine World Wide, Inc.?

The Active Group segment, which includes Merrell, Saucony, Sweaty Betty, and Chaco, generates the most revenue.

What is the significance of the new CenterPath Technology™?

CenterPath Technology™, introduced in Saucony’s Guide 17 sneaker, offers a broader platform and higher sidewalls for maximal cushioning and comfort protection.

How long has Wolverine World Wide, Inc. been in business?

Wolverine World Wide, Inc. has been in business for more than 130 years, since its founding in 1883.

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Wolverine World Wide, Inc.

NYSE:WWW

WWW Rankings

#2041 Ranked by Market Cap
#1506 Ranked by Dividends

WWW Stock Data

1.79B
78.66M
1.76%
94.86%
4.39%
Footwear & Accessories
Footwear, (no Rubber)
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United States of America
ROCKFORD