Chip Bergh discussed the company’s strategy for navigating the coronavirus, including both the challenges the company sees and also the potential opportunities that may arise in the aftermath.
The company, which owns Vans, The North Face and other brands, is also drawing down another $1 billion on its credit facility.
But some good news emerged Monday afternoon. The Federal Reserve said it is launching a program to buy the small business loans from banks, which will free up bank balance sheets to allow them to make more loans.
We asked Marisa Nicholson, Outdoor Retailer Senior Vice President and Show Director, about the decision to cancel the show and what it means for the future.
United Legwear, the new Hurley licensee for men’s apparel, underwear, legwear and flip-flops, has opted not to furlough employees for now because of the coronavirus crisis.