As the coronavirus continues its rapid spread, uncertainties across all sorts of businesses and industries continue to mount. Within the retail sector, companies upon initially closing stores temporarily had set dates for when they expected to reopen them. Now, retailers have postponed the reopening indefinitely in many cases. They’re also taking extreme measures to cut costs, merchandise orders, dividends and payroll, while trying to help workers as much as possible and figure out how the federal government’s $2 trillion rescue plan will help them.
Below, a listing on the latest from retailers on the status of their stores amid the health crisis.
Abercrombie & Fitch Co. will continue to keep stores closed in North America, and the EMEA (Europe, Middle East and Africa) until further notice. The company’s stores in the APAC (Asia-Pacific) region across all its brands are currently open.
L Brands has extended store closings until April 5. After April 5 if the stores don’t reopen all in-store associates and anyone who cannot work from home will be furloughed until further notice.
Macy’s Inc. closed all stores on March 17. The company had initially hoped to reopen April 1, but chief executive officer Jeff Gennette said Wednesday that is “highly unlikely” to happen. No new date was mentioned.
Nordstrom Inc. will extend its temporary store closures for at least one week through April 5.
Tailored Brands, parent company of Men’s Wearhouse, Jos. A. Bank and other retail chains in the U.S. and Canada, is extending its store closures to at least May 4.
Von Maur has all 36 department stores temporarily closed, but is considering April 8 openings for the two Nebraska stores and five in Iowa. That could change, depending on what the governors of those states say is permitted.