Latest news with #ChrisHufnagel
Fashion United
18-06-2025
- Business
- Fashion United
Wolverine Worldwide granted 'Great Place to Work' certfication
Wolverine Worldwide, Inc., a leading outdoor and footwear company, has earned the Great Place to Work certification, highlighting the company's commitment to improving the employee experience and fostering a dynamic and positive workplace culture throughout its operations in the United States. The Great Place to Work certification, which distinguishes employers that prioritize employee experience, is based on employees' survey feedback on aspects such as trust, appreciation in the workplace, and camaraderie. 88 percent of Wolverine Worldwide employees in the US said the company is "a great workplace," 33 percentage points more than the average company. "Being a Certified great workplace is a testament to the culture we've built together at Wolverine Worldwide," said Chris Hufnagel, president and CEO of Wolverine Worldwide, in a statement. "This recognition validates the amazing spirit of our team – a team that's committed to fulfilling our vision to Make. Every Day. Better. and to create not just a great place to work, but a place where people can grow, lead, and leave a lasting impact." 91 percent of the employees surveyed at Wolverine Worldwide stated they believed that management promotes inclusive behavior and avoids discrimination, remaining steadfast to the fair and equal treatment of employees. In addition, 87 percent of employees report genuine enjoyment at work, driven by a welcoming culture, open self-expression, and strong team camaraderie. 87 percent also express pride in their team's achievements and a willingness to go above and beyond for collective success. "By successfully earning this recognition, it is evident that Wolverine Worldwide stands out as one of the top companies to work for, providing a great workplace environment for its employees," said Sarah Lewis-Kulin, the VP of global recognition at Great Place To Work. Wolverine Worldwide's recent Great Place to Work Certification follows recent recognition from Forbes as one of America's Dream Employers and Best Midsize Employers, as well as a spot on Inspiring Workplaces' list of the Most Inspiring Workplaces in North America. Since 2023, Wolverine Worldwide has introduced a series of enhancements within its corporate operations aimed at attracting and retaining talent. These include a forthcoming 40,000-square-foot renovation at its global headquarters in Rockford, MI, to serve as the new home for Merrell and Saucony (opening May 2025); a new 11,000-square-foot Innovation Hub in Boston in November 2024; and additional office space launched in Zhuhai in October 2024 and Hong Kong in September 2024. Its European headquarters in London's King's Place also underwent renovation in June 2023. The company's Rockford headquarters offers a range of on-site amenities to support employee wellbeing, including a subsidized daycare and early education center, fully equipped fitness facilities with certified trainers, nature trails, a subsidized cafeteria, and dog daycare. In 2024, Wolverine Worldwide also introduced Employee Resource Groups (ERGs), voluntary, employee-led groups designed to strengthen community and promote inclusivity across its global teams. Current ERGs include PRIDE, Wolverine Military and Veterans, Wolverine United, Wolverine Young Professionals, the Womxn's Resource Community, and Working Moms.
Yahoo
17-06-2025
- Business
- Yahoo
Wolverine Worldwide Earns Great Place To Work Certification™
ROCKFORD, Mich., June 17, 2025--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced it is a Great Place To Work® Certified™ company, underscoring its commitment to prioritizing employee experience and cultivating an amazing company culture across its U.S. operations. This year 88% of U.S.-based Wolverine Worldwide employees said the Company is a great workplace, 33 percentage points higher than the average company. The Great Place To Work Certification distinguishes employers that prioritize employee experience, based on employees' survey feedback on trust, camaraderie, and appreciation in the workplace. "Being a Certified great workplace is a testament to the culture we've built together at Wolverine Worldwide," said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. "This recognition validates the amazing spirit of our team – a team that's committed to fulfill our vision to Make. Every Day. Better. and to create not just a great place to work, but a place where people can grow, lead, and leave a lasting impact." Wolverine Worldwide scored particularly higher than the industry average in team, camaraderie, hospitality and justice categories: 91% of respondents believe management promotes inclusive behavior, avoids discrimination, and is committed to fair treatment of its employees. 87% of respondents have a sense of enjoyment in the workplace thanks to a hospitable work environment, freedom to express themselves, and sense of community among team members. 87% of respondents feel a sense of pride in their team's accomplishments and are willing to give extra for the benefit of their team. "By successfully earning this recognition, it is evident that Wolverine Worldwide stands out as one of the top companies to work for, providing a great workplace environment for its employees," said Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. Being Certified by Great Places to Work comes on the heels of Wolverine Worldwide being recognized by Forbes as one of America's Dream Employers and America's Best Midsize Employers, and by Inspiring Workplaces as one of the Most Inspiring Workplaces in North America. These achievements are credited to Wolverine Worldwide's prioritization of creating great workspaces and launching employee resource groups (ERGs) to foster connectivity among team members. Since 2023, Wolverine Worldwide has upgraded its global workspaces to attract and retain top-tier talent, including: Renovating 40,000-square feet at its global headquarters in Rockford, MI, to create a new headquarters for its Merrell and Saucony brands (May 2025) Opening a new 11,000-square-foot Innovation Hub in Boston, MA (November 2024) Opening new Office Space in Zhuhai, China (October 2024) Opening new Office Space in Hong Kong (September 2024) Renovating its European Headquarters in King's Place, London (June 2023) On-site amenities offered at its global headquarters include subsidized daycare and early education center for children, fitness centers including personal training and group classes taught by certified personal trainers, hiking and nature trails, subsidized cafeteria, and dog daycare options. In 2024, Wolverine Worldwide launched ERGs to connect team members centered around a shared interest. The voluntary, employee-led groups promote inclusivity, build community, and provide personal and professional support to its members. Current ERGs include: PRIDE, Wolverine Military and Veterans, Wolverine United, Wolverine Young Professionals, Womxn's Resource Community, and Working Moms. For more information on careers at Wolverine Worldwide, visit: ABOUT WOLVERINE WORLDWIDE Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers, and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies™, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. For additional information, please visit our website, ABOUT GREAT PLACE TO WORK CERTIFICATION™ Great Place To Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified. ABOUT GREAT PLACE TO WORK® As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List. View source version on Contacts Emma Wach, (630) 390-8474 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
17-06-2025
- Business
- Business Wire
Wolverine Worldwide Earns Great Place To Work Certification™
BUSINESS WIRE)-- Wolverine World Wide, Inc. (NYSE: WWW) today announced it is a Great Place To Work® Certified™ company, underscoring its commitment to prioritizing employee experience and cultivating an amazing company culture across its U.S. operations. This year 88% of U.S.-based Wolverine Worldwide employees said the Company is a great workplace, 33 percentage points higher than the average company. The Great Place To Work Certification distinguishes employers that prioritize employee experience, based on employees' survey feedback on trust, camaraderie, and appreciation in the workplace. 'Being a Certified great workplace is a testament to the culture we've built together at Wolverine Worldwide,' said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. 'This recognition validates the amazing spirit of our team – a team that's committed to fulfill our vision to Make. Every Day. Better. and to create not just a great place to work, but a place where people can grow, lead, and leave a lasting impact.' Wolverine Worldwide scored particularly higher than the industry average in team, camaraderie, hospitality and justice categories: 91% of respondents believe management promotes inclusive behavior, avoids discrimination, and is committed to fair treatment of its employees. 87% of respondents have a sense of enjoyment in the workplace thanks to a hospitable work environment, freedom to express themselves, and sense of community among team members. 87% of respondents feel a sense of pride in their team's accomplishments and are willing to give extra for the benefit of their team. 'By successfully earning this recognition, it is evident that Wolverine Worldwide stands out as one of the top companies to work for, providing a great workplace environment for its employees," said Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. Being Certified by Great Places to Work comes on the heels of Wolverine Worldwide being recognized by Forbes as one of America's Dream Employers and America's Best Midsize Employers, and by Inspiring Workplaces as one of the Most Inspiring Workplaces in North America. These achievements are credited to Wolverine Worldwide's prioritization of creating great workspaces and launching employee resource groups (ERGs) to foster connectivity among team members. Since 2023, Wolverine Worldwide has upgraded its global workspaces to attract and retain top-tier talent, including: Renovating 40,000-square feet at its global headquarters in Rockford, MI, to create a new headquarters for its Merrell and Saucony brands (May 2025) Opening a new 11,000-square-foot Innovation Hub in Boston, MA (November 2024) Opening new Office Space in Zhuhai, China (October 2024) Opening new Office Space in Hong Kong (September 2024) Renovating its European Headquarters in King's Place, London (June 2023) On-site amenities offered at its global headquarters include subsidized daycare and early education center for children, fitness centers including personal training and group classes taught by certified personal trainers, hiking and nature trails, subsidized cafeteria, and dog daycare options. In 2024, Wolverine Worldwide launched ERGs to connect team members centered around a shared interest. The voluntary, employee-led groups promote inclusivity, build community, and provide personal and professional support to its members. Current ERGs include: PRIDE, Wolverine Military and Veterans, Wolverine United, Wolverine Young Professionals, Womxn's Resource Community, and Working Moms. For more information on careers at Wolverine Worldwide, visit: Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers, and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies™, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. For additional information, please visit our website, Great Place To Work® Certification™ is the most definitive 'employer-of-choice' recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified. ABOUT GREAT PLACE TO WORK® As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.
Yahoo
05-06-2025
- Business
- Yahoo
WWW Q1 Earnings Call: Tariff Uncertainty Tempers Strong Brand Momentum
Footwear conglomerate Wolverine Worldwide (NYSE:WWW) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 4.4% year on year to $412.3 million. Its non-GAAP EPS of $0.18 per share was 64.2% above analysts' consensus estimates. Is now the time to buy WWW? Find out in our full research report (it's free). Revenue: $412.3 million (4.4% year-on-year growth) Adjusted EPS: $0.18 vs analyst estimates of $0.11 (64.2% beat) Revenue Guidance for Q2 CY2025 is $445 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $0.22 at the midpoint, below analyst estimates of $0.24 Operating Margin: 4.8%, up from -0.8% in the same quarter last year Market Capitalization: $1.35 billion Wolverine Worldwide's first quarter results reflected continued progress in reinvigorating its key brands, as management emphasized robust growth in Saucony and Merrell. CEO Chris Hufnagel highlighted sequential improvements in top-line trends, crediting a disciplined approach to inventory management and reduced promotional activity for driving higher gross margins. Saucony's performance was attributed to new product launches like the Endorphin Elite 2 and expanded lifestyle distribution, while Merrell benefited from product innovation in trail and hike categories. Management acknowledged ongoing challenges in the Work Group and Sweaty Betty brands, but noted meaningful gross margin gains in Sweaty Betty through a shift toward full-price sales and reduced discounting. Looking ahead, Wolverine Worldwide is focused on mitigating the impact of recently announced tariffs and navigating a fluid consumer environment. Management withdrew full-year guidance, citing significant uncertainty around trade policy and consumer sentiment. CEO Chris Hufnagel outlined plans to leverage a diversified supply chain, implement targeted price increases, and intensify operational cost controls to offset an estimated $30 million profit impact from tariffs. While the company expects continued revenue growth from its largest brands and a more balanced approach to inventory, CFO Taryn Miller cautioned that the second half of 2025 could bring greater margin pressures as tariff effects intensify. Management attributed first quarter gains to strong demand for Saucony and Merrell, strategic pricing, and improved inventory discipline, but highlighted new tariff headwinds and mixed performance in smaller brands. Saucony's performance run and lifestyle growth: Saucony delivered 30% year-over-year revenue growth, driven by new launches in both performance running (e.g., Endorphin Elite 2) and lifestyle segments, with expanded distribution into over 900 new doors. Merrell innovation and market share: Merrell achieved double-digit revenue growth, gaining share in hike, trail, and lifestyle categories. The brand's focus on modernizing core franchises and launching visually distinctive products like the SpeedARC Surge Boa contributed to its momentum. Sweaty Betty profitability focus: Management prioritized margin expansion at Sweaty Betty, shifting away from promotions to a more full-price strategy. Gross margin improved by nearly 1,000 basis points, although this came at the expense of top-line growth. Work Group challenges: The Work Group saw revenue declines, partially due to lapping prior-year discounting and challenges in the product offering. Management is introducing new products and expects performance to stabilize as inventory normalizes. Supply chain diversification and tariff mitigation: Wolverine has reduced U.S. sourcing from China to less than 10%, aiming for near zero by 2026. Management is leveraging a nimble supply chain and dual sourcing to limit tariff exposure and redirect product to international markets. Wolverine Worldwide's outlook is shaped by efforts to counter tariff headwinds, strengthen its largest brands, and adapt spending in response to an uncertain economic environment. Tariff mitigation and pricing actions: Management expects incremental tariffs to impact 2025 profit by about $30 million before mitigation. To address this, the company is accelerating supply chain diversification and implementing selective price increases, though these are not expected to fully offset cost pressures. Investment in core brands and retail expansion: Continued investment in Saucony and Merrell, including new product launches and international store openings, is expected to drive revenue growth. The company is also ramping up retail marketing and city activations to build brand awareness despite a more cautious approach to discretionary spending. Operational cost controls and cautious inventory management: The company is scrutinizing SG&A (selling, general and administrative) costs and managing inventory more conservatively, particularly in categories facing softer demand. Management's new integrated business planning group is tasked with aligning inventory levels to expected demand and preventing excess stock in the event of a consumer slowdown. In coming quarters, the StockStory team will be watching (1) the effectiveness of tariff mitigation strategies and their impact on margins, (2) the ability of Saucony and Merrell to sustain growth amid increased pricing and operational changes, and (3) signs of improved stability or turnaround in the Work Group and Sweaty Betty brands. Execution on inventory management and the balance between pricing actions and consumer demand will also be critical markers of success. Wolverine Worldwide currently trades at a forward P/E ratio of 15×. At this valuation, is it a buy or sell post earnings? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. 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Fashion Network
22-05-2025
- Business
- Fashion Network
Wolverine Worldwide unveils renovated global headquarters in Michigan
Home › News › Industry Download Print Wolverine Worldwide has unveiled a renovated global headquarters in Rockford, Michigan, aimed at modernizing its facilities and centralizing operations to attract and retain top talent. Wolverine Worldwide unveils renovated global headquarters in Michigan. - Wolverine Worldwide The project includes a complete overhaul of 40,000 square feet of space, now named "The Factory", which will serve as the new home for Wolverine's flagship brands Merrell and Saucony. Notably, Saucony recently relocated from Boston to Rockford. 'Our company is driven by a new vision to Make. Every Day. Better. – for our team, customers, consumers, shareholders, and community,' said Chris Hufnagel, president and chief executive officer of Wolverine Worldwide. 'We believe that to create amazing, thoughtful, trend-right, innovative products and experiences that improve our consumers' lives and drive growth, we must provide our team members with great environments to work and win together.' Built in 1963 and originally used as a footwear factory, the space was converted into offices in the 1990s. The newly redesigned factory combines the site's industrial heritage with modern functionality. It now features exposed structural elements, concrete floors, floor-to-ceiling windows, 224 workstations, brand-specific product and marketing rooms, 31 collaboration and meeting spaces, a café, and state-of-art design and marketing technologies. The factory joins other enhancements across Wolverine's 300,000-square-foot campus, including on-site amenities such as a subsidized daycare and early education center for children, a fitness center, four miles of on-campus nature trails, an on-site, subsidized cafeteria, and dog daycare services. The project is supported by a $1-million Michigan Business Development Program grant in collaboration with the Michigan Economic Development Center (MEDC) and The Right Place, Inc. Copyright © 2025 All rights reserved. Tags : Fashion Footwear Industry Business
