Wolverine Worldwide’s turnaround efforts continued in the second quarter as president and chief executive officer Chris Hufnagel reported better-than-expected revenue in the period despite seeing overall sales declines. On Wednesday, the Rockford, Mich.-based company reported that revenues decreased 27.8 percent in the second quarter to $425.2 million, down from $589.1 million the same time last...Read More
VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up about 7 percent in extended trading. Along with several global apparel retailers such as H&M and Zara, VF Corp has been facing some disruptions due to political...Read More
BERLIN – Sales at Puma were down 0.2 percent on a currency-adjusted basis to 2.12 billion euros in the second quarter as consumers tightened their belts, prompting the German sportswear maker to lower its forecast for full-year operating profit. Despite a slow start to the year, Puma racked up 4.22 billion in sales in the...Read More
