71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
Published
Oct 21, 2015
Download
Download the article
Print
Text size

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 © 2024 FashionNetwork.com All rights reserved.