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Designer Brands Inc. is putting 80% of its employees on unpaid leave.
The parent company of DSW Shoe Warehouse said in a filing with the Securities and Exchange Commission that the unpaid leave would begin March 29 as it tries to blunt the impact of coronavirus on its sales.
On a March 17 call with analysts, the company announced it would close all 1,000 DSW Shoe Warehouse, The Shoe Company and Shoe Warehouse stores, but keep its e-commerce open.
As of its March 2019 annual report, the company…
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DSW parent places 80% of workforce on unpaid leave