Wolverine World Wide Inc is a Delaware corporation, is the successor of a Michigan corporation of the same name, originally organized in 1906. The Company is a designer, manufacturer and marketer of casual footwear and apparel, performance outdoor and athletic footwear and apparel, children's footwear, industrial work boots and apparel, and uniform shoes and boots. The Company sources and markets footwear styles, including shoes, boots and sandals under many recognizable brand names. The Company operates in the following segments: Lifestyle Group, consisting of Sperry Top-Sider footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, Chaco footwear, Patagonia footwear, and Cushe footwear; and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear, and HyTest Safety footwear. The operating segments are engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. The Other category consists of the Company's multi-brand consumer direct business, leather marketing operations, and sourcing operations that include third-party commission revenues. The Company's Global Operations Group is responsible for manufacturing, sourcing, distribution, logistics and customer support. The Company directly sells its products in the United States (U.S.), Canada and certain countries in Europe to a wide range of retail customers, including department stores, national chains, catalog retailers, specialty retailers, mass merchants and Internet retailers, and to governments and municipalities. The Company's products are marketed in approximately 200 countries and territories through Company-owned wholesale and consumer direct operations and through third-party licensees and distributors. The Company directly controls the majority of the units of footwear and apparel manufactured or sourced under the Company's brand names. The Company's principal required raw material is quality leather, which it purchases from a select group of domestic and foreign suppliers. The availability of common upper materials and specialty leathers eliminates any reliance by the Company on a sole supplier. The Company competes with numerous domestic and international footwear marketers, some of which are larger and have greater resources than the Company. The Company works with domestic and foreign federal, state and local agencies from time to time to resolve cleanup issues at various sites and other regulatory issues.
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