MENU

Panjiva_research_logo

Wolverine World Wide sales slide, pursues dual China-Vietnam strategy

China 2567 Cons. Discr. - Apparel 360 Cons. Discr. - Retailing 297 Coronavirus 408 Programmatic 32 Quote Watch 242 U.S. 4559 Vietnam 283

Footwear manufacturer Wolverine World Wide’s stock price dropped after the firm reported declining revenues in Q2 despite an improvement in ecommerce sales. U.S. seaborne imports linked to the firm dropped by 57.0% year over year in Q2’20 as the firm attempted to unwind inventories in the lower sales environment resulting from COVID-19. Wolverine’s sourcing is dominated by supplies from Vietnam and China which each accounted for 38.7% of imports in 2019. Puma is in a similar position with 24.6% and 27.6% of imports linked to the firm coming from Vietnam and China respectively in the same...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.