Standard & Poor’s changed its outlook to negative for Big Foot and VF as it sees restrictive government mandates to contain the coronavirus pandemic pressuring operating results at both companies. Store closures are just part of the story, the ratings agency believes, citing deflated consumer confidence after layoffs and weeks of stay-at-home orders leading to significantly reduced demand for discretionary purchases. Despite increasing talk from Washington and state governments about limited reopening of non-essential retail, S&P doesn’t see consumers flocking to stores any time soon. The depth and duration of the coronavirus recession is hard to predict, but S&P foresees ... Log in to view full article.