With its stores temporarily closed, Urban Outfitters said it will suspend the payment of rent temporarily and delay or cancel some planned new store openings.
Kohl’s is joining Macy's Inc. in furloughing a good deal of its workforce and cutting capital expenditures as it extends store closings in the wake of the COVID-19 outbreak.
With no clear timeline for when stores will reopen, Macy’s Inc. is furloughing most of its employees as the COVID-19 outbreak continues to take a heavy toll on its business.