July 23, 2020
Net loss in the second quarter was $68.1 million against a profit of $75.2 million last year, as sales tumbled 42% to $729.5 million from $1,258.6 million, including a 47% falloff in U.S. sales and a 38% drop from international as the pandemic closed stores as it spread to the west.
A new campaign organized by labor groups is demanding that international brands ensure they are not using forced labor from the Uyghur region of China, which they say accounts for 84% of the country’s cotton supply and 20% of the world cotton supply.
Big Foot elevated three company veterans to the executive vice president level, including the newly created role for current CMO for North America, Andy Gray, who was named EVP and chief commercial officer.
Under Dog said that 20% of its director and above positions are held by talent that is black, indigenous, and people of color, as it works towards the target of 30% by 2023 that it established in Jan. 2020.
The bipartisan bill passed the U.S. House of Representatives by a vote of 310-107 and now heads to President Trump, who is expected to sign it into law.