Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has adjusted its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. WWW now expects FY22 revenues to increase by 14% to 16%, down from May guidance of 15% to 18% expansion, and direct-to-consumer to contribute close to 25% of all sales, down from prior guidance of 30%. A higher-mix of lower-margin third party sales from ... Log in to view full article.