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Wolverine Worldwide on track with key acquisition from Collective Brands
ROCKFORD, Mich. — Wolverine Worldwide reported slight revenue growth as it looks to build its portfolio with the acquisition of the Performance and Lifestyle Group from Collective Brands.
Wolverine Worldwide reported quarterly revenue of $312.7 million, an increase of 0.8% compared with the prior year's second quarter when revenue grew over 20%.
Reported diluted earnings per share in the quarter were 42 cents, compared with prior year's earnings per share of 48 cents.
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Retailers and Suppliers Must Collaborate Seamlessly and More
By Renato Scaff, [email protected] and Mark Allen, [email protected]
While the proliferation of new products, personalized services, and digital channels are giving consumers more shopping options than ever, they also are making it tough for traditional retailers and consumer goods manufacturers to capitalize on the demand being created. Succeeding in this environment will require a new level of seamless retail-supplier collaboration.