Covid-19 Updates: Caleres, Arc’teryx
Caleres said that e-commerce sales have been strong since it began closing stores in mid-March and furloughed retail employees at the beginning of April, allowing it to maintain its $175 million cash balance. As a precaution, it has exercised the accordion feature on its asset-based revolving credit facility, which adds another $100 million to the available borrowing capacity for a total ... Log in to view full article.