Wolverine World Wide has posted lower sales for its third quarter. Revenue declined 6.9% to $296.8 million as challenging trading conditions continued across most of the company's major markets.

"We are very pleased with our third quarter results, as the company continues to deliver excellent earnings performance in the most challenging economic environment that many of us have ever experienced," said Blake Krueger, the company's CEO and president. "We remain confident that our multi-brand, multi-country business model and our execution against that model can deliver exceptional results in a variety of economic climates.

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