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

  • Jul
    9
    Jul 9-Jul 10, 2024 | St. Paul, Minnesota, United States

    Northwest Shoe Travelers Market

  • Jul
    17
    Jul 17-Jul 18, 2024 | New York, United States

    Lineapelle New York

  • Jul
    22
    Jul 22-Jul 23, 2024 | Portland, United States

    Polymers in Footwear Portland

  • Jul
    24
    Jul 24-Jul 25, 2024 | Chicago, United States

    Chicago Shoe Market

Related Organizations

  • L&HCA - Leather & Hide Council of America

    L&HCA - Leather & Hide Council of America

    United States
  • Fashion Design Office

    Fashion Design Office

    United States
  • ALCA - American Leather Chemists Association

    ALCA - American Leather Chemists Association

    United States
  • FFANY - Fashion Footwear Association of New York

    FFANY - Fashion Footwear Association of New York

    United States