WWW management says the company is not looking to become highly leveraged, but admits any new acquisitions targets would likely be larger than either the Chaco or Cushe businesses acquired in 2009. Wolverine has begun evaluating a strategic plan that will expand its distribution capabilities in the U.S. and internationally which will require H2 start-up expenses of approximately $2.5 million. Also, the company intends to eventually take its D2C business to 15% of top line from a current 7.0-7.5%.

As for Barefoot, Wolverine had a “substantial” pairage increase in FY11 that resulted in more than one million total pairs being sold ... Log in to view full article.