Retail outlets were struggling to stay in business even before covid-19 came and decimated the economy. Now, the future of brick-and-mortar stores is looking bleaker than ever, with businesses unlikely to return at the same scale—or at least in the same form—in which they previously existed even once the virus dies down.\n
even before covid-19 came and decimated the economy. Now, the future of brick-and-mortar stores is looking bleaker than ever, with businesses unlikely to return at the same scale—or at least in the same form—in which they previously existed even once the virus dies down.
On Monday, Macy’s announced that it would furlough most of its employees beginning this week, maintaining only the “absolute minimum” workforce required to maintain operations at Macy’s, Bloomingdales and Bluemercury.“The COVID-19 outbreak continues to take a heavy toll on Macy’s Inc. business. Our top priority is the health and safety of our customers, colleagues and communities during this unprecedented crisis,” the company.
Even when business resumes, the department store says it plans to bring back employees on a “staggered basis,”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gap and Ascena Retail announce retail-employee furloughsGap Inc. , which owns the Gap, Banana Republic and Old Navy retail chains, and Ascena Retail Group Inc. , which operates Ann Taylor and other stores,...
Lire la suite »
Rent the Runway lays off retail workers after store closures due to coronavirusDesigner clothing rental company Rent the Runway is laying off retail staff during the coronavirus pandemic.
Lire la suite »
Tory Burch: Millions Of Retail Jobs Are ‘In Peril’ Without Immediate Government ReliefFashion mogul Tory Burch is spearheading an effort to obtain federal assistance for the retail industry amid the coronavirus pandemic:
Lire la suite »
30 Under 30 Europe 2020: These Innovative Twentysomethings Are Rethinking Retail And ECommerceThese entrepreneurs from organizations across Europe join the global community of young leaders who are reimagining business ForbesUnder30
Lire la suite »
The State of Fashion: Has the Corona Virus Killed Retail? Macy’s Lays off 130,000 Employees as the Virus Casts a Deathly Pall Over the Industry – THE BOMB LIFE
Lire la suite »