Wolverine Worldwide announces new operating groups
Rockford, Mich. — Wolverine Worldwide said Tuesday it will make several organizational moves to drive future growth and global brand building in the wake of its October 2012 acquisition of the Performance & Lifestyle Group.
“The acquisition of the Performance & Lifestyle Group has been transformational for our company and has created many new opportunities for global growth, brand building, and operational excellence," said Blake W. Krueger, Wolverine Worldwide chairman and CEO. "Today, we are taking important steps to better align the team and realize our vision of having the best brands, products, operating platform, and consumer experiences in the industry."
The parent of Stride-Rite and Keds brands, among others, said Tuesday that CEO and president of PLG Gregg Ribatt has resigned to pursue other opportunities, following a transition period to aid the company in organizing the new structure.
Under the new structure, the company will migrate from four to three brand operating groups, each led by a group president. The Heritage Group, and comprising the Wolverine, Caterpillar Footwear, Bates, Sebago, Harley-Davidson Footwear, and HyTest brands, will be led by Ted Gedra, a 27-year Wolverine Worldwide veteran.
The Lifestyle Group, comprising the Sperry Top-Sider, Stride Rite Children’s Group, Hush Puppies, Keds, and Soft Style brands, will be led Mark Neal, an 18-year Wolverine veteran.
The Performance Group, comprising the Merrell, Saucony, Chaco, Patagonia Footwear, and Cushe brands, will be led by led by group president Jim Zwiers, a 15-year Wolverine veteran.
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Survey: Majority of consumer interested in redeeming loyalty points
Richmond, Va. — Survey results released Tuesday by Affinion Loyalty Group found that 89% of consumers are interested in redeeming points at point-of-sale.
The survey also found that the respondents identified cash and retail store gift cards as their two favorite redemption items.
However, the survey also inserted a hypothetical variable, which shifted the results. When asked about a POS redemption option — which would allow consumers to use points or miles to pay for anything anywhere, just like dollars — the number of consumers who had previously identified redemption values of points programs as “budget help” ramped up from approximately 25% to a staggering 89% who indicated they would be interested in point-of-sale redemption, with 47% highly likely to redeem points at the point-of-sale.
When respondents were asked what they would redeem for at the point-of-sale, groceries and everyday items were ranked the two most popular categories; cash redemptions become much less relevant in a point-of-sale model.
"Our research indicates the need for an easy to use, omnichannel approach to points redemption, with clear, and simple to understand communication around the program," said Mike McDonnell, VP product management and client solutions, ALG.
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Whole Foods Market names information chief
Austin, Texas — Whole Foods Market announced Tuesday the hiring of Jason J. Buechel as global VP and chief information officer, effective immediately.
Buechel will report to co-CEO Walter Robb and CFO Glenda Flanagan.
Buechel previously was a senior executive and managing director, retail operations, for Accenture.