Ulta Beauty and At Home Group have joined the growing list of retailers who are taking additional measures to shore up their finances and reduce expenses as their stores remain closed during the COVID-19 pandemic.
More retail companies are furloughing employees and announcing executive pay cuts — some to greater degrees than others — as stores remain closed indefinitely during the COVID-19 pandemic.
McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy.