Item 2.05 Costs Associated with Exit or Disposal Activities.

On January 7, 2009, the Board of Directors of Wolverine World Wide, Inc. (the "Company") approved a strategic restructuring initiative to consolidate key manufacturing, distribution and global operations functions. On October 7, 2009, the Company announced that this initiative has been expanded to include consolidating domestic manufacturing at the Company's Big Rapids, Michigan facility and significant improvements in the Outdoor Group's footwear and apparel product creation activities. The Company now estimates that the implementation costs relating to the strategic restructuring initiative will range from $35 million to $38 million, and the initiative will be completed in the first half of 2010. Approximately $10 million to $11 million of this estimate represents non-cash charges. Continuing annualized pretax benefits of the strategic restructuring initiative are now estimated to be $19 million to $21 million.

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