Turnaround action to continue at Wolverine World

08/08/2024

Footwear group Wolverine Worldwide has reported revenues of $820.1 million for the first half of 2024.

Compared to the same period last year, this represents a decline in revenues of more than 30%.

Chief executive, Chris Hufnagel, said the group would continue “to execute our ambitious turnaround plan”.

He said he and his team had been taking “fast and bold actions to build a new and better company” for a year.

In that time, he said Wolverine Worldwide had succeeded in lowering debt and inventory levels.

Turnaround action to continue at Wolverine World - sportstextiles: Lea