Operating in a retail market that is continuing to contract with added challenges from the weather, Wolverine World Wide reported net income rose 5% to $48.2 million from $45.8 million for the 12 weeks ended Sep. 10 as revenues declined 11% to $603.7 million from $678.9 million, partially on the planned closing of mostly Stride Rite stores but also because of sales declines in its major brands of Merrell, Keds, Saucony and Sperry. Excluding the store closings and the exit from Cushe, WWW said underlying revenue was off 9%. Despite the weak Q3 results, WWW said it expected to see ... Log in to view full article.