The ratings agency cited Big Foot’s stronger-than-expected performance for the year, revising its outlook to stable from negative, and affirming its BB+ issuer credit rating. Standard & Poor’s called out increased e-commerce penetration, demand for casual/comfort apparel and basketball shoes, and strong growth in Asia-Pacific for supporting sales despite the pandemic. FL ended the year with leverage in the mid-1x range, well below expectations of over 3x. S&P expects continued improvement in ... Log in to view full article.