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Wolverine World Wide Rises After Quarterly Beat

Wolverine World Wide Inc.'s shares rose 6.7% on Tuesday after the company reported a much better-than-expected first-quarter result. Adjusted profit of 81 cents a share topped the 55-cent average estimate of analysts surveyed by FactSet. "We are exceptionally pleased to be off to such a strong start in 2013, particularly as this represents the first full fiscal quarter that includes our four new lifestyle brands," said Chief Executive Blake Krueger, referring to the company's purchase of Sperry Top-Sider, Saucony, Stride Rite, and Keds last year.Copyright © 2013 MarketWatch, Inc....

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  4. Collective Brands To Be Broken Up In $1.32 Billion Deal

    Wolverine World Wide Inc. (WWW) and a pair of private-equity firms agreed to pay roughly $1.32 billion to acquire Collective Brands Inc. (PSS) in a deal that will sp...

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    Wolverine Worldwide CEO Blake Kreuger on acquiring Collective Brands , which owns major apparel and footwear brands like Sperry and Stride Rite .

  6. Collective Brands To Be Broken Up In $1.32 Billion Takeover Deal

    Wolverine World Wide Inc. (WWW) and a pair of private-equity firms agreed to pay roughly $1.32 billion to acquire Collective Brands Inc. (PSS) in a deal that will sp...

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  9. Wolverine, Group To Buy Collective Brands

    Wolverine Worldwide Inc. , parent of Merrell and Hush Puppies shoe brands, said on Tuesday it partnered with Blum Capital Partners and Golden Gate Capital to buy Pay...

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    Staples Inc. shares dropped 5.9% after analysts calculated the office-supplies chain's full-year profit are on a disappointing trajectory. Liz Claiborne Inc. shares ...

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