Wolverine World Wide, Inc. (NYSE:WWW) is a designer, manufacturer and marketer of branded footwear, apparel and accessories. The company's portfolio consists of 16 well-known brands that are marketed in approximately 200 countries and territories around the world. During fiscal year 2012, the company earned approximately 66% of its total revenue in the United States. Europe and Canada, which represented 19% and 7%, respectively, with no other single country accounting for more than 5% of revenue. Also, due to the company's broad distribution base, no customer accounts for more than 10% of revenue.
The company is organized into three segments:
Branded Wholesale Footwear, Apparel and Licensing
This is by far the largest segment, making up 87% of...
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