Wolverine warns of foreign exchange impacts - sportstextiles: Lea SportsTextiles

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Wolverine warns of foreign exchange impacts

21/09/2015
Shoe group Wolverine Worldwide has warned that its revenues for the third quarter will be lower than the previous year because of the impact of foreign exchange.

Numbers will also be affected by the closure of stores and the termination of the Patagonia licence.

Revenue declines will be around 4% to 5% of the $711.1 million for the third quarter 2014.

Full details will be announced on October 20.

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