×
486
Fashion Jobs
ADIDAS
Senior Manager - Procurement Operations
Permanent · CHENNAI
MOLEDRO
Operation Manager
Permanent · NEW DELHI
MOLEDRO
HR &Admin
Permanent · NEW DELHI
MOLEDRO
Brand Manager
Permanent · NEW DELHI
MOLEDRO
sr Fashion Designer / Production Manager
Permanent · NEW DELHI
ADIDAS
Manager Information Security
Permanent · GURUGRAM
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
CL GUPTA RETAIL PRIVATE LIMITED
Production Manager Cum Quality Control Manager
Permanent · Noida
UGRAYA FOODS
Production Manager || Agartala (Tripura) || Poultry Feed Industry
Permanent · Agartala
GOVIND KRIPA INFRATECH PVT. LTD.
HR/Telecalling/Sales Manager/Sales Executives/Asst. Sales Manager
Permanent · Jaipur
JUMBO BAGS
Manager- Production (Fibc / Woven Polypropylene Industry)
Permanent · Chennai
ADIDAS
Manager, Masterdata And Product Launch (.Com & Digital Partners), Apac
Permanent · GURUGRAM
ADIDAS
Manager, Digital Backend Operations, Apac
Permanent · GURUGRAM
THE HOUSE OF DEEPTHI LIMITED
Production Manager
Permanent · MUMBAI
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Hiring-Field Sales Manager
Permanent · Chennai
YUTIKA NATURAL
Area Sales Manager (Guwahati)
Permanent · Katihar
LENSKART
Area Operations Manager
Permanent · Chennai
ELECTRONICA FINANCE
Area Sales Manager - Mumbai- Vasai
Permanent · Mumbai
ADIDAS
Manager Learning & Development & Knowledge Management (M/F/D)
Permanent · CHENNAI
D.LIGHT
Hiring For Area Sales Manager | Bihar | d.Light Energy
Permanent · Patna
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Loan Against Securities - Area Sales Manager
Permanent · Chennai
ANAND RATHI GLOBAL FINANCE
Hiring For Area Sales Manager Sme- Lap
Permanent · Mumbai
Published
Oct 21, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Wolverine Worldwide's numbers drop in third quarter

Published
Oct 21, 2015

With revenue just below $679 million (€601 million) for the third quarter closed on 12th September, the Wolverine Worldwide group recorded a 4.5% decline compared to the same period last year.

The US group expects revenue in excess of $2.69 billion - Wolverine Worldwide


The group, owner of the Merrell, Stride Rite, Hush Puppies and Saucony brands, stated that the decline is linked to the impact of exchange rate fluctuations, as well as the closing down of several unprofitable stores and the end of operations for the Patagonia licence. As for like-for-like sales and comparable exchange rates, the footwear specialist stated that its revenues grew by 0.7%.

In terms of segments: the Lifestyle segment recorded a 9.8% decline (8.5% at constant exchange rates), for nearly $251 million (€222 million). The Performance segment fell 3.1% (+1.4% at constant exchange rates) reaching $249 million (€220 million), while sales for the Heritage brands lost 0.7% (+2.4%), at over $150 million (€133 million). Finally the group's other operations, consolidated in the US, generated $29 million (€26 million), equivalent to a 16.9% rise.

Wolverine Worldwide recorded an operating income of $75.9 million (€67 million) compared to $87.6 million (€77.6 million) a year ago. Net income was $46 million (€40.7 million) compared to $57.9 million (€51.3 million) a year earlier.
 
The group is currently forecasting yearly revenues between $2.69 and $2.71 billion (between €2.38 and €2.40 billion).

Copyright © 2022 FashionNetwork.com All rights reserved.