Footwear

Macy’s Announces CFO Exit

Apr 7, 2020SGB Updates

Macy’s Inc. announced that Paula Price, executive vice president and chief financial officer, has made the decision to leave the company as of May 31, 2020. (Read More)

VF Announces Action Plan In Response To COVID-19

Apr 7, 2020SGB Updates

VF Corp. said it will reduce the salaries of its executive team over the next four months, keep its stores closed in North America and EMEA until May 3, and has drawn the remaining $1 billion under its revolving credit facility in response to the coronavirus outbreak. (Read More)

Report: Dick’s Moves To Reduce Or Stop Paying Rent

Apr 6, 2020SGB Updates

Dick’s Sporting Goods is sending letters to landlords indicating that will reduce or outright not pay rent due to the “unprecedented situation” created by the COVID-19 pandemic. (Read More)

The North Face Commits $1 Million In Grants To COVID-19 Recovery Efforts

Apr 6, 2020SGB Updates

The North Face announced it will join in the fight against the COVID-19 pandemic with the donation of $1 million in grants through its social advocacy platform, The Explore Fund, as well as the donation of 60,000 gloves to U.S. healthcare professionals and first responders. (Read More)

Authentic Brands’ Debt Ratings Downgraded

Apr 6, 2020SGB Updates

Authentic Brands, which owns a portfolio of over 50 brands that include Spyder, Tretorn, Tapout, Prince and Volcom, had its debt rating downgraded and outlook reduced by Moody's Investors Service due to disruptions caused by the coronavirus. (Read More)

PVH Completes Sale Of Speedo North America Business To Pentland Group

Apr 6, 2020SGB Updates

PVH Corp. completed the sale of its Speedo North America business to Pentland Group, the parent company of the Speedo brand, for $170 million in cash, subject to a working capital adjustment. (Read More)

Nike Announces Additional Round Of COVID-19 Donations

Apr 6, 2020SGB Updates

Nike Inc. will provide an additional $1.6 million to help local organizations meet immediate needs, such as food assistance and medical care, in key cities and communities around the world where its employees live and work. (Read More)

Genesco Takes Steps In Response To COVID-19

Apr 6, 2020SGB Updates

Genesco Inc., the parent of Journeys, announced additional proactive steps in its efforts to significantly reduce expense, capital and inventory levels to mitigate the negative financial and operational impacts of COVID-19 and improve liquidity. (Read More)

Acushnet Withdraws Guidance Due To Coronavirus Disruption

Apr 6, 2020SGB Updates

Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, said in a regulatory statement it has withdrawn its guidance for 2020 and increased borrowings under its credit facility due to the “unprecedented uncertainty” caused by the coronavirus pandemic. (Read More)

Nordstrom Appoints Two New Board Members

Apr 6, 2020SGB Updates

Nordstrom Inc. announced the appointment of two new members to its Board of Directors: Jim Donald, co-chairman of Albertsons Companies, Inc., and Mark J. Tritton, president and chief executive officer of Bed Bath & Beyond. (Read More)

Macy’s Announces CFO Exit

VF Announces Action Plan In Response To COVID-19

Report: Dick’s Moves To Reduce Or Stop Paying Rent

The North Face Commits $1 Million In Grants To COVID-19 Recovery Efforts

Authentic Brands’ Debt Ratings Downgraded

PVH Completes Sale Of Speedo North America Business To Pentland Group

Nike Announces Additional Round Of COVID-19 Donations

Genesco Takes Steps In Response To COVID-19

Acushnet Withdraws Guidance Due To Coronavirus Disruption

Nordstrom Appoints Two New Board Members

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