World Footwear

Companies

Wolverine to close more stores

Feb 25, 2016 United States
Wolverine to close more stores
The Rockford-based footwear and apparel manufacturer made the announcement during its fourth quarter and year-end earnings conference call
Mike Stornant, SVP and CFO at Wolverine Worldwide, said the closures will relate to stores reaching their lease contracts expiration. No additional details were provided related to the closures.

Wolverine has announced a “strategic re-alignment” plan back in the summer of 2014. At that time, it was announced that 140 stores would close over an 18-month period. Most of the planned closures referred to underperforming Stride Rite brand, with Wolverine concluding this to be a result of consumption shifting from brick and mortar to online purchasing.

Under the re-structuring plan, Wolverine already closed 58 stores in 2014 and 46 stores in 2015, and it plans to continue to close more spaces.


Related Events

  • Oct
    19
    Oct 19-Oct 21, 2025 | Manchester, United States

    NAEC Manchester Signature Show

  • Oct
    21
    Oct 21-Oct 24, 2025 | Dallas, United States

    Dallas Apparel & Accessories Market

  • Dec
    1
    Dec 1-Dec 5, 2025 | New York, United States

    FFANY Market Week

  • Dec
    2
    Dec 2-Dec 4, 2025 | New York, United States

    Footwear Show New York Expo (FSNYE)

Related Organizations

  • L&HCA - Leather & Hide Council of America

    L&HCA - Leather & Hide Council of America

    United States
  • BSTA - Boston Shoe Travelers Association

    BSTA - Boston Shoe Travelers Association

    United States
  • NSRA - National Shoe Retailers Association

    NSRA - National Shoe Retailers Association

    United States
  • USRA - United Shoe Retailers

    USRA - United Shoe Retailers

    United States