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After Reorg Impacts 1,000 Jobs, DSW Parent Adds Liquidity with New Debt

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

On the heels of a reorganization last week that impacted more than 1,000 jobs, Designer Brands is taking on new debt to float the footwear firm through the tumultuous retail landscape ahead. In a July 30 staff memo, CEO Roger Rawlins described the reorg as a “painful but necessary” action addressing retail’s “new normal” after…

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