Dansko Contingency Updates

Thanks to all of you who participated in the small group meetings and completed the follow-up survey. Below is a response from Jim Fox on some of the survey feedback. There will be additional questions covered in next week’s update:   Plans for a return to a regular 5-day a week workweek The most frequently asked question from employees is regarding Dansko’s return to a regular 5-day a week workweek. I greatly appreciate everyone’s patience and understanding regarding this situation. I understand how frustrating and difficult it is to not have clarity regarding a specific date or event that would allow us to return to a normal schedule. At the same time, we have to balance providing employment, compensation, and benefits for as many employees as possible while managing for the long term and maintaining flexibility for Dansko in a time of enormous uncertainty. While the goal is to return full-time employees to a regular schedule as soon as possible, there is not a one-size...

BUSINESS UPDATE MEETINGS This week there were multiple small group meetings and zoom calls. Jim reviewed the following information:   • The 12/31/2019 valuation resulted in a share price of $461 per share. Again, the share price represents the valuation as of December 31,2019 and we expect that subsequent events since that date will have a negative impact on the future share price. • The 2019 ESOP Statements and 2019 ESOP and Financial Summary have been mailed this week. Please be on the lookout for them in your home mail.                 If you don't receive your statement by August 1st, please contact Marc Vettori. • Dansko’s 2020 revenue forecast remains at $75 M; no change from the revised forecast communicated in May.  • There is no specific timeline for a return to a normal five-day workweek. Returning to a five-day workweek will vary individual to individual and department to department based on business conditions an...

UPDATE: Last weekend Pennsylvania state health officials added four states, including Delaware, to the travel quarantine recommendation aimed at reducing the spread of COVID-19. Governor Wolf’s administration has advised that if you travel to one of these 19 states, you will need to quarantine for 14 days upon returning to Pennsylvania. Alabama Georgia North Carolina Arizona Idaho South Carolina Arkansas Louisiana Tennessee California Mississippi Texas Florida Nevada Utah Delaware Iowa Oklahoma Kansas As far as Dansko’s current travel policy, this means that if you have traveled to one of the states identified by Governor Wolf’s administration, you will not be permitted on the Dansko Campus for 14 days upon returning to the West Grove area. Additionally, if you ha...

Governor Wolf’s administration has advised that if you travel to one of these 15 states, you will need to quarantine for 14 days upon returning to Pennsylvania.  Those states are: Alabama Georgia North Carolina Arizona Idaho South Carolina Arkansas Louisiana Tennessee California Mississippi Texas Florida Nevada Utah As far as Dansko’s current travel policy, this means that if you have traveled to one of the states identified by Governor Wolf’s administration, you will not be permitted on Dansko Campus for 14 days upon returning to the West Grove area. Additionally, if you have guests visiting you from any of these states, please contact Marc Vettori. Complimentary Shoe Program The Dansko Complimentary shoe program is currently on hold. We intend to reinstate the program later this year .   You will be unable to order fa...

Dansko, In recognition of Independence Day, the Dansko campus and business will be closed on Friday, July 3. We wanted to thank everyone for their hard work, and tenacity as we continue to navigate through the COVID-19 Pandemic. Remember, there are four actions you can take, that when used in combination, can best reduce the spread of COVID-19: 1. Social distancing, 2. Use of masks in public and the workplace; 3. Good hygiene, especially with frequent hand washing. 4. Testing as needed. PLEASE NOTE: CULTURE is just as critical to success. Please keep your co-workers safe by thoroughly following these best practices. The Centers for Disease Control and the Chester County Health Department guidelines have identified close contact (an exposure of more than 10 minutes within six feet of an infected person) as the most substantial risk of becoming infected with COVID-19. Avoid close contact with people outside your immediate household. Dansko’s current travel policy is in effe...