Footwear and retail
Formed in 2007 when USA's #1 shoe retailer, Payless ShoeSource, acquired the Stride Rite Corporation and Collective Licensing International. The new company was named "Collective Brands". Brands include Keds, Saucony, Sperry Top-Sider, Vision Street Wear, Airwalk. Acquired by Wolverine World Wide in 2012.
Company Ownership
Collective Brands Inc
USA
Wolverine World Wide Inc
owns 100% of Collective Brands Inc
USA
Footwear manufacturer
Makers of Hush Puppies and several other brands of shoe. Their products have been sold in 190 countries. Acquired Collective Brands in 2012.
Company Assessment
(Last updated Oct 2024)
Praise
Criticism
Information
Collective Brands Inc
Praise
Criticism
Information
Alleged securities laws violations
In 2012 a lawsuit was filed against Collective Brands Inc. by shareholders. They allege Collective Brands was wrongful in "issuing allegedly materially false and misleading statements" resulting in "shares traded at artificially inflated prices between December 1, 2010 and May 24, 2011"
Source: news article
(2012)
OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets
(2024)
Wolverine World Wide Inc
Praise
Information
Criticism
4/100 in What Fuels Fashion?
What Fuels Fashion? is a single-issue, special edition of the Fashion Transparency Index. The 2024 report ranked 250 of the world's largest fashion brands and retailers according to their level of disclosure on climate and energy-related data in their own operations and supply chains. Brands owned by this company scored 4%. The average score was 18% and the highest score was 75%.
Source: Fashion Revolution
(2024)
13/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 13/100 in the Textiles, Apparel & Luxury Goods category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global
(2021)
8/100 in Fashion Transparency Index
The 2023 Fashion Transparency Index reviewed 250 of the world's largest fashion brands and retailers and ranked them according to how much they disclose about their human rights and environmental policies, practices and impacts. Brands owned by this company scored 8%, signifying it has little to no information about their supply chain practices or policies available to the public. The average score was 26% and the highest score was 83%.
Source: Fashion Revolution
(2023)
Pollution in USA
In 2022 Wolverine Worldwide and 3M agreed to pay US$54 million in a class-action settlement to 1,700 residents of Kent County, Michigan, in connection with the disposal of chemicals that impacted the drinking water of area property owners. This follows another court case in 2019 where Wolverine Worldwide and 3M paid out US$69.5 million over industrial pollution from Wolverine's tannery in their home state of Michigan.
Source: news article
(2022)
22% in Forest 500 Rankings
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 22%.
Source: Forest 500
(2021)
16/100 in Ethical Fashion Report
Baptist World Aid Australia's '2024 Ethical Fashion Report' assessed 120 companies on their efforts to mitigate against the risks of forced labour, child labour and worker exploitation in their supply chains, as well as protect the environment from the harmful impacts of the fashion industry. Assessment criteria fall into five main categories: policy & governance, tracing & risk, auditing and supplier relationships, worker empowerment and environmental sustainability. This company received a score of 16/100. The average score was 31.3 and the highest score was 90.
CEO Pay Ratio of 108:1
In 2022 the median pay for a worker at this company was US$60,287. The CEO was paid 108 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO
(2023)
Sustainable Apparel Coalition member
This company is a member of the Sustainable Apparel Coalition, a multi-stakeholder initiative launched in March 2011 by a group of global apparel and footwear companies and non-profit organizations (representing nearly one third of the global market share for apparel and footwear). The Coalition's goals are to reduce the apparel industry's environmental and social impact, and to develop a universal index to measure environmental and social performance of apparel products.
Responsibility claims
This company has corporate responsibility claims on its website in the areas of environmental stewardship, community involvement and social responsibility.
Source: company website
(2017)
Leather Working Group member
This company is a member of the Leather Working Group, a multi-stakeholder group who's objective is to develop and maintain a protocol that assesses the compliance and environmental performance of tanners and promotes sustainable and appropriate environmental business practices within the leather industry.
Source: Leather Working Group
(2022)
OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets
(2024)
Company Details
Type:
Wholly-owned subsidiary
Revenue:
3.3 billion USD
(2010)
Employees:
30,000
(2010)