Wolverine World Wide, Inc. shares rise 1.01% after-hours following Chaco's Designapalooza contest announcement.

Wolverine World Wide, Inc. rose 1.01% in after-hours trading, with the company's Chaco brand launching a nationwide design contest called 'Designapalooza'. This contest invites fans and artists to submit original designs for the next iconic Z/1 Classic sandal strap, with a $5,000 prize and a chance at sandal fame. This event is likely to generate positive buzz and engagement for the brand, potentially driving up the stock price.