Wolverine Worldwide granted 'Great Place to Work' certfication
Wolverine Worldwide, Inc., a leading outdoor and footwear company, has earned the Great Place to Work certification, highlighting the company's commitment to improving the employee experience and fostering a dynamic and positive workplace culture throughout its operations in the United States.
The Great Place to Work certification, which distinguishes employers that prioritize employee experience, is based on employees' survey feedback on aspects such as trust, appreciation in the workplace, and camaraderie. 88 percent of Wolverine Worldwide employees in the US said the company is "a great workplace," 33 percentage points more than the average company.
"Being a Certified great workplace is a testament to the culture we've built together at Wolverine Worldwide," said Chris Hufnagel, president and CEO of Wolverine Worldwide, in a statement. "This recognition validates the amazing spirit of our team – a team that's committed to fulfilling our vision to Make. Every Day. Better. and to create not just a great place to work, but a place where people can grow, lead, and leave a lasting impact."
91 percent of the employees surveyed at Wolverine Worldwide stated they believed that management promotes inclusive behavior and avoids discrimination, remaining steadfast to the fair and equal treatment of employees. In addition, 87 percent of employees report genuine enjoyment at work, driven by a welcoming culture, open self-expression, and strong team camaraderie. 87 percent also express pride in their team's achievements and a willingness to go above and beyond for collective success. "By successfully earning this recognition, it is evident that Wolverine Worldwide stands out as one of the top companies to work for, providing a great workplace environment for its employees," said Sarah Lewis-Kulin, the VP of global recognition at Great Place To Work.
Wolverine Worldwide's recent Great Place to Work Certification follows recent recognition from Forbes as one of America's Dream Employers and Best Midsize Employers, as well as a spot on Inspiring Workplaces' list of the Most Inspiring Workplaces in North America.
Since 2023, Wolverine Worldwide has introduced a series of enhancements within its corporate operations aimed at attracting and retaining talent. These include a forthcoming 40,000-square-foot renovation at its global headquarters in Rockford, MI, to serve as the new home for Merrell and Saucony (opening May 2025); a new 11,000-square-foot Innovation Hub in Boston in November 2024; and additional office space launched in Zhuhai in October 2024 and Hong Kong in September 2024. Its European headquarters in London's King's Place also underwent renovation in June 2023.
The company's Rockford headquarters offers a range of on-site amenities to support employee wellbeing, including a subsidized daycare and early education center, fully equipped fitness facilities with certified trainers, nature trails, a subsidized cafeteria, and dog daycare.
In 2024, Wolverine Worldwide also introduced Employee Resource Groups (ERGs), voluntary, employee-led groups designed to strengthen community and promote inclusivity across its global teams. Current ERGs include PRIDE, Wolverine Military and Veterans, Wolverine United, Wolverine Young Professionals, the Womxn's Resource Community, and Working Moms.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
18 minutes ago
- Reuters
TRADING DAY Markets 'run it hot'
ORLANDO, Florida, June 26 (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist The dollar slid and stocks surged on Thursday as investors ramped up bets that U.S. interest rates will soon be cut, after President Donald Trump, in his latest attack on Fed Chair Jerome Powell, reportedly said he may name his replacement early. In my column today I look at where the "pain trades" for investors may lie in the second half of the year. More on that below, but first, a roundup of the main market moves. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. Today's Key Market Moves Markets 'run it hot' Juice the economy. That seems to be the Trump administration's broad plan, which will be achieved in time by tax cuts, deregulation, and loose fiscal policy. And loose monetary policy. Most definitely loose monetary policy. Pressure from the White House on the Fed to cut interest rates is nothing new. The president has unleashed several verbal tirades towards Chair Jerome Powell for not doing so, branding him "very stupid", "very dumb" and of "low IQ". Powell's term as chair expires in May next year, and he insists he can't be fired. So Trump is now considering naming his replacement early, who could operate as a "shadow" Fed chair, undermining Powell's influence. It remains to be seen how effective or even viable this would be. But the fact it's being floated is pouring fuel on market moves that were already beginning to catch fire - the dollar is tumbling, Fed rate cut bets are being ramped up, stocks are flying, and "Big Tech" is getting its mojo back. The dollar on Thursday slumped to its lowest in more than three years against a basket of major currencies - performing especially poorly against European currencies - and is on track for its worst first half of any year in over half a century. The Trump administration will likely be quite happy with the way markets are reacting - a more export-competitive dollar, lower short-term yields, and higher stocks. And if you look further out, higher nominal growth and above-target inflation to inflate away the debt. The danger is these moves snowball and the dollar goes into a more rapid freefall, triggering widespread market dislocation. But we're not there yet, and investors are running with it. Hawkish Fed could inflict markets' biggest 'pain trades' As the first half of the year closes, financial markets are in limbo, waiting to see how the kaleidoscope of global trade deals will – or won't – come together after July 9, when Washington's pause on its "reciprocal tariffs" expires. But if investors are wrong-footed, which trades will be the most vulnerable? The state of suspended animation in today's markets is remarkably bullish. U.S. growth forecasts are rising, S&P 500 earnings growth estimates for next year are running at a punchy 14%, corporate deal-making is picking up, and world stocks are at record highs. The uncertainty immediately following President Donald Trump's April 2 "Liberation Day" tariffs seems a distant memory. The relief rally has ripped for nearly three months, only taking a brief pause during the 12-day war between Israel and Iran. It's a pretty rosy outlook, some might say too rosy. If we do see a pullback, what will be the biggest "pain trades"? The major pressure points are, unsurprisingly, in asset classes and markets where positioning and sentiment are most overloaded in one direction. As always with crowded trades, a sudden price reversal can push too many investors to the exit door at once, meaning not all will get out in time. To identify the most overloaded positions, it's useful to look at the Bank of America's monthly global fund manager survey. In the June survey, the top three most-crowded trades right now are long gold (according to 41% of those polled), long "Magnificent Seven" tech stocks (23%), and short U.S. dollar (20%). This popularity, of course, means these three trades have been highly profitable. The "Mag 7" basket of Nvidia, Microsoft, Meta, Apple, Amazon, Alphabet and Tesla shares accounted for well over half of the S&P 500's 58% two-year return in 2023 and 2024. The Roundhill equal-weighted "Mag 7" ETF is up 40% this year, and the Nasdaq 100 index, in which these seven stocks make up more than half of the market cap, this week hit a record high. Meanwhile, the gold price has virtually doubled in the last two-and-a-half years, smashing its way to a record high $3,500 an ounce in April. And the dollar is down 10% this year, on track for its worst first half of any year since the era of free-floating exchange rates was established more than 50 years ago. In some ways, these three trades are an offshoot of one fundamental bet: the deep-rooted view that the Federal Reserve will cut U.S. interest rates quite substantially in the next 18 months, a scenario that would make all these positions money-spinners. Even though the Fed's revised economic projections last week were notable for their hawkish tilt, rates futures markets have been upping their bets on lower rates, largely due to dovish comments from several Fed officials and a sharp fall in oil prices. Traders are now predicting 125 basis points of rate cuts by the end of next year. Economists at Morgan Stanley are even more dovish, forecasting no change this year but 175 basis points of cuts next year. That would take the Fed funds range down to 2.5%-2.75%. Lower borrowing costs would be especially positive for shares in companies that can expect high future growth rates, like Big Tech. Low rates are also, in theory, good for gold, a non-interest-bearing asset. But, on the flip side, it's difficult to construct a scenario in which the economy is chugging along, supporting equity performance, while the Fed is also slashing rates by 175 bps. Easing on that scale and at that speed would almost certainly signal that the Fed was trying to put out a raging economic fire, most likely a severe slowdown or recession. While risk assets may not necessarily collapse in that environment, over-extended positions would be exposed. Granted, this isn't the first time investors have banked on Fed cuts in the past three years, and we have yet to see a major blow-up as a result. Markets have handled "higher-for-longer" rates much better than many observers warned, soaring to new highs in the process. Still, if "pain trades" do emerge in the second half of the year, it will likely be because of one sore spot: a hawkish Fed. What could move markets tomorrow? Want to receive Trading Day in your inbox every weekday morning? Sign up for my newsletter here. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, opens new tab, is committed to integrity, independence, and freedom from bias.
NBC News
27 minutes ago
- NBC News
Apple reveals complex system of App Store fees to avoid EU fine of 500 million euro
Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act. The new policies are a complicated system of fees and programs for app makers, with some developers now paying three separate fees for one download. Apple also is going to introduce a new set of rules for all app developers in Europe, which includes a fee called the 'core technology commission' of 5% on all digital purchases made outside the App Store. The changes Apple announced are not a complete departure from the company's previous policy that drew the European Commission's attention in the first place. Apple said it did not want to make the changes but was forced to by the European Commission's regulations, which threatened fines of up to 50 million euros per day. Apple said it believed its plan is in compliance with the DMA and that it will avoid fines. 'The European Commission is requiring Apple to make a series of additional changes to the App Store,' an Apple spokesperson said in a statement. 'We disagree with this outcome and plan to appeal.' A spokesperson for the European Commission did not say that Apple was no longer subject to the fine. He said in a statement that the EC is looking at Apple's new terms to see if the company is in compliance. 'As part of this assessment the Commission considers it particularly important to obtain the views of market operators and interested third parties before deciding on next steps,' the spokesperson said in a statement. The saga in Brussels is the latest example of Apple fiercely defending its App Store policies, a key source of profit for the iPhone maker through fees of between 15% and 30% on downloads through its App Store. It also shows that Apple is continuing to claim it is owed a commission when iPhone apps link to websites for digital purchases overseas despite a recent court ruling that barred the practice in the U.S. Steering rules no longer in effect in U.S. Under the Digital Markets Act, Apple was required to allow app developers more choices for how they distribute and promote their apps. In particular, developers are no longer prohibited from telling their users about cheaper alternatives to Apple's App Store, a practice called 'steering' by regulators. In early 2024, Apple announced its changes, including a 50 cent fee on off-platform app downloads. Critics, including Sweden's Spotify, pushed back on Apple's proposed changes, saying that the tech firm chose an approach that violated the spirit of the rules, and that its fees and commissions challenge the viability of the alternative billing system. The European Commission investigated for a year, and it said on Thursday that it would again seek feedback from Apple's critics. 'From the beginning, Apple has been clear that they didn't like the idea of abiding by the DMA,' Spotify said last year. Epic Games CEO Tim Sweeney, whose company successfully changed Apple's steering rules in the U.S. earlier this year, accused Apple of ' malicious compliance ' in its approach to the DMA. 'Apple's new Digital Markets Act malicious compliance scheme is blatantly unlawful in both Europe and the United States and makes a mockery of fair competition in digital markets,' Sweeney posted on social media on Thursday. 'Apps with competing payments are not only taxed but commercially crippled in the App Store.' The European Commission announced the 500 million euro fine in April. The commission at the time said that the tech company might still be able to make changes to avoid the fine. Apple's restrictions on steering in the United States were tossed earlier this year, following a court order in the long-running Epic Games case. A judge in California found that Apple had purposely misled the court about its steering concessions in the United States and instructed it to immediately stop asking charging a fee or commission on for external downloads. The order is currently in effect in the United States as it is being appealed and has already shifted the economics of app development. As a result, companies like Amazon and Spotify in the U.S. can direct customers to their own websites and avoid Apple's 15% to 30% commission.
Scottish Sun
3 hours ago
- Scottish Sun
Celtic listed as one of Europe's elite clubs in ‘financial stability' rankings
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) CELTIC have been ranked among the European elite when it comes to financial stability, a study has found. The Premiership champions announced a profit of £44million in their most recent financial year and continue to benefit from a successful player trading model. Sign up for the Celtic newsletter Sign up 4 Celtic have been included in the top ten of a study of most financially stable clubs Credit: SNS 4 17.02.2025 Celtic and Bayern Munich pressers ………………… GV Allianz Arena Credit: Kenny Ramsay In recent years, Celtic have raked in £50m combined for the sales of Kieran Tierney and Jota (ironically, both players are now back at the club). Revenue dipped slightly in 2024 but with profits rising, it's seen the Hoops make the top ten in a list of Europe's most financially sustainable clubs. The research, undertaken by football business experts Off The Pitch, puts Celtic inside the top ten of clubs across Europe. Notably, teams from Europe's so-called Big Five leagues make up only just over half of the spots in the top ten. And only two of them were league champions this past season. Indeed, two of the sides in the top ten don't even in their respective country's top flights. Serie A winners Napoli top the rankings but behind them are two Scandinavian clubs. Silkeborg of Denmark are in second with Molde of Norway are listed third. Premier League giants Manchester City occupy fourth spot. But in fifth are French Ligue 2 side Clermont Foot. The diggers move in as Celtic Park pitch is dug up Their weighted score is equal to that of Bundesliga powerhouse Bayern Munich but how they achieve that ranking couldn't be more different (more on that later). Just ahead of Celtic are Italian outfit Fiorentina, with Elche of Spain's second division in ninth and AGF Aarhus of Denmark rounding out the top ten. Fiorentina pip Celtic in large part thanks to their much greater equity margin (63.6 percent compared to 47.4 percent). Equity margin essentially refers to the difference between a club's revenue and its expenses. Against the other clubs in the top ten, Celtic scored just above average in the EBITDA margin category. This metric measures indicates how efficiently a company manages itself and how it controls its operating expenses relative to its revenue. Celtic's margin is 15.3 percent, which was higher than every other club apart from Man City (17.3 percent) and Napoli (30.6 percent). 4 Return on assets (ROA) was the other metric that clubs were measured on. This is essentially a measurement of the probability of the club's in relation to its assets. ROA would therefore include money made from player sales and Celtic's rating here is 9.3 percent. Bayern, Man City and Fiorentina all scored LOWER than the Parkhead club in this regard (6.3, 5 and 2.5 percent). Elche and Napoli had comparable ratings to Celtic (12.7 and 17 percent) but the Scandinavian clubs and Clermont Foot topped this metric with Aarhus, Molde and Silkeborg scoring 18.2, 20.7 and 28.6 percent, and the French outfit way ahead on 62.6 percent. Silkeborg have the highest equity margin percentage with 70.1 and despite a 0.9 percent EBITDA margin, their overall score is 23.1. Napoli top the list with a weighted score of 26.2, ranking well across all of the categories. 4 The top ten of Europe's most financially stable clubs Credit: OFF THE PITCH Keep up to date with ALL the latest news and transfers at the Scottish Sun football page
