Reporting its full-year 2023 results to the U.K.’s Companies House, sales at the Wolverine Worldwide-owned women’s activewear brand dropped 14% in pounds to £144,258,791 ($179.2 mm) from £167,725,485 prior. Net loss more than doubled to £10,554,277 ($13.1 mm) from a loss of £4,300,777, impacted by a £7.4 million charge for expenses related to relocation of the company’s offices. Sales to the U.S. market were halved to £13.5 million ($16.8 mm) ... Log in to view full article.
