This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wolverine Worldwide Applauds Federal Legislation That Strengthens U.S. Footwear Manufacturing

ROCKFORD, Mich., Sept. 30, 2013 /PRNewswire/ -- Wolverine Worldwide (NYSE: WWW) today praised the House Armed Services Committee's proposed legislation directing the Department of Defense to comply with existing law by procuring American-made athletic shoes for Army, Navy, Air Force and Marine recruits.  The Senate Armed Services Committee has passed similar legislation that, if signed into law, will have an immediate positive impact on domestic manufacturers of footwear and the U.S. supply chain for American-made shoes.

The domestic footwear industry has a long and rich heritage of designing and producing a broad range of quality footwear for the Armed Services. Committing to the domestic production of athletic footwear for our military is a natural progression for U.S. footwear companies and will ensure a future of affordable, high quality athletic shoes for our men and women in uniform. This legislation helps support the domestic industrial base and thousands of manufacturing jobs that provide the necessary equipment for our troops, all with no additional cost to the taxpayer.   It strengthens the ability of industry to provide the full spectrum of footwear needs of the Armed Services, from combat boots to athletic shoes.

"I commend the Armed Services Committees for this thoughtful legislation that will have a direct, positive impact on our manufacturing operations in Michigan," said Blake Krueger, Wolverine Worldwide Chief Executive Officer.  "Our company has been manufacturing in the United States for more than 130 years  – building state-of-the-art footwear in the U.S. is a part of our heritage. We know that our world-class domestic manufacturing operations are capable of producing advanced athletic footwear that will support the training needs for all service branches. Our Saucony, Merrell and Bates brands will be at the forefront of this effort and we will continue to invest in our domestic operations to enhance the ability to deliver innovative products to our customers."

With a commitment to service and product excellence, Wolverine World Wide, Inc. is one of the world's leading marketers of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel.  The Company's portfolio of highly recognized brands includes: Merrell ®, Sperry Top-Sider ®, Hush Puppies ®, Saucony ®, Wolverine ®, Keds ®, Stride Rite ®, Sebago ®, Cushe ®, Chaco ®, Bates ®, HYTEST ®, and Soft Style ®.  The Company also is the global footwear licensee of popular brands including Cat ®, Harley-Davidson ® and Patagonia ®. The Company's products are carried by leading retailers in the U.S. and globally in approximately 200 countries and territories. For additional information, please visit our website, www.wolverineworldwide.com.

SOURCE Wolverine Worldwide

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,000.99 -33.94 -0.19%
S&P 500 2,099.65 -0.75 -0.04%
NASDAQ 5,012.9980 +18.3960 0.37%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs