Tuesday, 31 March 2020

More major retailers furlough employees, withhold rent

The retail bloodbath continued Tuesday as more major chain retailers said they would furlough employees, suspend rent and institute executive-level pay cuts to get through the coronavirus crisis. The parent company of Urban Outfitters, for instance, said in a Securities and Exchange Commission filing that it was furloughing a “substantial number of store, wholesale and home office employees” for two months while continuing to provide benefits. “This is the first time in our 50-year history



source https://therealdeal.com/2020/03/31/more-major-retailers-furlough-employees-withhold-rent/

No comments:

Post a Comment