PVH closes All Retail Stores in North America, Europe Through March 29 - InvestingChannel

PVH closes All Retail Stores in North America, Europe Through March 29

PVH Corp. announced that in response to the escalating global coronavirus outbreak, it will close temporarily all company-operated retail stores across North America and Europe, effective March 17 through March 29. All retail associates at these locations will continue to receive full pay and benefits for their scheduled shifts during the temporary closure period, the company added. The company’s offices remain open; however, all associates are working remotely in North America and Europe with the exception of a minimal number of business-critical functions.

Many of the company-operated stores across the Asia Pacific region have reopened, although stores in some regions are operating on reduced hours, PVH noted. “While retail store traffic has shown some improvement over the past month, it remains down significantly compared with the prior year. The company’s offices in Greater China have re-opened, and offices in South Korea and Japan remain open but most associates are working remotely,” the company added.

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