PVH Corp. said Monday that in response to the escalating global coronavirus outbreak, it plans to temporarily close all company-operated retail stores across North America and Europe, effective March 17 through March 29.
The number is over 1,000 stores.
All retail associates at these locations will continue to receive full pay and benefits for their scheduled shifts during the temporary closure period, the company said.
Consumers can continue to shop from the company’s e-commerce sites, such as tommy.com, calvinklein.com, vanheusen.com, izod.com, stylebureau.com and speedousa.com, in applicable markets.
The company’s offices remain open, but all associates are working remotely in North America and Europe with the exception of a minimal number of business critical functions. The company said it will continue to reevaluate these procedures along with the latest developments with the COVID-19 situation.
PVH noted that many of the company-operated stores across the Asia-Pacific region have reopened, although stores in some regions are operating on reduced hours. It said that while retail store traffic has shown some improvement over the past month, it remains down significantly compared with a year ago. The company’s offices in Greater China have reopened, and offices in South Korea and Japan remain open, but most associates are working remotely.
“We know many people — our associates, consumers, partners and communities — are feeling uncertain as we deal with the coronavirus pandemic. Health and safety remain our top priorities,” said Manny Chirico, chairman and chief executive officer of PVH Corp. “This is an unprecedented and rapidly changing situation to which we will need to continue to adapt. We want to thank everyone in our organization, as well as our partners, for their dedication to our business and the support they’re providing to each other as we all rally together during this time. We’re confident that together we will show our resilience and bounce back. We urge everyone to be safe and engage in the health protections urged by health authorities.”
In addition, eligible U.S.-based PVH associates, including retail and warehouse, who need any additional financial support due to the crisis can apply for cash grants from the Associate Relief fund, a program jointly funded PVH associates and PVH Corp. to colleagues in need.
PVH will provide a business update, including the impacts of COVID-19, during its fourth quarter 2019 earnings call on April 2.
The group is joining a rapidly growing list of retailers shuttering stores either fully or partially to slow the spread of the virus, including the stores owned by Tapestry Inc., Patagonia, Nike, Apple, H&M, Urban Outfitters and more.