As its stores remain closed due to the coronavirus pandemic, Ross Stores will temporarily furlough the majority of its store and distribution center associates, as well as some other associates across the business starting on Sunday, April 5, and until operations can resume in their areas.
Based on the latest guidance from federal, state and local government and health authorities, and in the interest of the health and safety of its customers and associates, Stein Mart is extending the temporary closure of all stores beyond the previously announced March 31 date. As the situation continues to evolve rapidly, Stein Mart is not currently able to predict when the stores will reopen.
Nordstrom will extend its temporary store closure for at least one week, through April 5. The closure impacts all U.S. and Canada stores, including Nordstrom, Nordstrom Rack, Trunk Club, Jeffrey, Nordstrom Local and Last Chance.
Nordstrom is taking precautionary measures to strengthen its financial position in response to the rapidly changing market circumstances arising from the COVID-19 pandemic.
Stage Stores has received notification from the New York Stock Exchange that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.
Ross Stores has provided a business update in response to the impact of COVID-19 on the company’s operations.
Macellum Advisors and Ancora Advisors, activist investors who are sponsoring a slate of nominees for the Big Lots board of directors, has issued an open letter for fellow shareholders describing what they see as means to increase the value of the company.
Ross Stores has added Patricia Mueller and Larree Renda to its board of directors, effective immediately.
Off-price retailer Burlington Stores is getting out of the e-commerce business. As with other off-price retailers, the company wants to focus on the store experience.
Big Lots has issued a statement in response to Macellum Capital Management and Ancora Advisors, who submitted a notice of nomination of nine director candidates to stand for election to the retailer’s board of directors at the company’s 2020 annual meeting of shareholders.