Footwear People

Ross Stores To Cancel Orders Through Mid-June

Mar 27, 2020SGB Updates

Ross Stores in a letter to vendors on Thursday said it would cancel all merchandise purchase orders through June 18 as a result of the impact of the coronavirus on sales. (Read More)

City Of Fresno Declares Sporting Goods Essential Retail

Mar 26, 2020SGB Updates

Sporting goods stores in Fresno, CA have been allowed to reopen as essential businesses, city leaders announced. Officials said many of the stores sell essential items including food, water, emergency supplies, ice, food storage, propane, and cooking supplies. (Read More)

USA Triathlon Statement On Postponement of Tokyo Olympics

Mar 26, 2020SGB Updates

USA Triathlon issued a statement in response to the International Olympic and Paralympic Committees' respective announcements that the Olympic and Paralympic Games Tokyo 2020 will be postponed to 2021 due to ongoing logistical and public health concerns surrounding the COVID-19 global pandemic. (Read More)

U.S. Road Race Participation Declines 2.7 Percent For 2019

Mar 26, 2020SGB Updates

The number of runners registering for organized races in the U.S. was down slightly in 2019, continuing a six-year gradual drawback of mass participation in recreational road racing. According to Running USA data analysis, the industry peaked in 2013, when 19 million runners crossed the finish line at U.S. running events over all distances. (Read More)

Moody’s Assigns A1 Rating To Nike’s Proposed Debt Offering, Outlook Revised To Negative

Mar 26, 2020SGB Updates

Moody's Investors Service assigned an A1 rating to Nike Inc.'s proposed senior unsecured note offering. The outlook change to negative reflects the material increase in term debt at a time when there is significant uncertainty around the duration and severity of the coronavirus spread, as well as the impact of store closures and reduced consumer spending on Nike's revenue and earnings. (Read More)

DSW Parent Places 80 Percent Of Workforce On Unpaid Leave

Mar 26, 2020SGB Updates

Designer Brands Inc., the parent of DSW, said it is implementing temporary leaves of absence for over 80 percent of its workforce, effective March 29. The move follows the temporary closure of its North American stores in March 2017. (Read More)

Nordstrom To Extend Store Closures Another Week

Mar 26, 2020SGB Updates

Nordstrom Inc. announced it will extend its temporary store closure for at least one week through April 5. The retailer also said its top leaders will decline their salary from April through September and a portion of corporate employees will be furloughed starting April 5 for six weeks. (Read More)