As the COVID-19 scare grows more prominence in the world, more retailers are adding to the list of companies that have closed their doors to consumers and encouraged their employees to work remotely.
American department store chain Macy’s has announced the closure of all its stores till 31 March in the wake of the pandemic. This decision includes all Macy’s, Bloomingdale’s, Bluemercury, Macy’s Backstage, Bloomingdale’s the Outlet and Market by Macy’s stores.
However, they have announced that their online portals will remain functional to service customers. In a statement, the company said this decision comes as they take the health and safety of their customers, employees and communities seriously.
Macy’s will also provide benefits and compensation to all impacted employees in its workforce.
Other than this, Capri Holdings will be closing all stores of Jimmy Choo, Versace and Michael Kors from 19 March to 10 April to safeguard its workers and employees.
Although they had anticipated a US $ 100 million reduction in revenue due to the outbreak in China, they were not anticipating a worldwide negative trend for the current financial year.
Brands that previously announced store closures include some of the biggest names in apparel retail, including Saks Fifth Avenue, Gap Inc.’s Banana Republic, Nordstrom, Adidas, Nike, Lululemon Athletica and VF Corporation.