Operator
Good morning, ladies and gentlemen, and welcome to Foot Locker s Fourth Quarter 2020 Financial Results Conference Call. [Operator Instructions]
This conference call may contain forward-looking statements that reflect management s current views of future events and financial performance. Management undertakes no obligation to update these forward-looking statements which are based on many assumptions and factors, including the impact of COVID-19, effects of currency fluctuations, customer preferences, economic and market conditions worldwide and other risks and uncertainties described more fully in the company s press releases and in reports filed with the SEC, including the most recently filed Form 10-K or Form 10-Q. Any changes in such assumptions or factors could produce significantly different results and actual results may differ materially from those contained in the forward-looking statements. Please note that this conference is being recorded.
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Foot Locker Inc. has released its five-year plan to combat racism and increase diversity.
The new initiative includes monetary commitments and programs to diversify talent pipelines.
Foot Locker s CEO said the sneaker industry should lead when it comes to promoting racial equality.
Like many leading footwear companies, Foot Locker Inc. made public commitments to support the Black community this past summer in the wake of the killing of George Floyd and the ensuing protests that spread across America.
But as a brand already entrenched in diversity, Foot Locker s role in setting the corporate tone was not lost on its CEO, who said the footwear industry has a unique responsibility in a leadership position to impact other business sectors as well.
U.S. Bancorp rolls out a plan to fight racial wealth gap Early focus will be on Black customers and employees. February 17, 2021 8:04am Text size Copy shortlink:
U.S. Bancorp is launching a multipronged initiative to address the racial wealth gap.
The new initiative announced Wednesday is built around providing communities of color, with a particular focus initially on the Black community, greater access to financial information, education, products, resources and capital. The effort spans the entire enterprise and also includes recruiting more people of color to work for it.
The array of ideas and projects at U.S. Bank is unfolding as more American companies grapple with the yawning chasms of wealth and opportunity by race. The banking industry confronts a decadeslong history of underserving Black people in particular, rooted partly in unfair lending practices for much of the 20th century that created wounds tha