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Article Date: February 2017
Word Count: 506

With Cleaner Inventories, WWW Looks to Improve on 2016

Although it sees a continued choppy marketplace with more store closures in the future, Wolverine World Wide also believes it is making progress on its turnaround initiatives and has cut inventories by 25% compared to last year at this time as it closes out the year ended Dec. 31 with a loss of $24 million against income of $11.9 million on a 3% decline in sales to $729.6 million against $751.2 million. This year’s results included $4.2 million in currency impact to the sales line along with $18.1 million from store closures. The bottom line included $4.1 million in restructuring ... Log in to view full article.


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