Tuesday, March 31, 2020

Retail furloughs snowball as Kohl's, Gap extend store closures

Retail Dive
Gap Inc. on Monday extended its store closures in North America and Europe past their previously announced April 1 reopening and furloughed 80,000 mostly store workers in the U.S. and Canada, "pausing pay but continuing to offer applicable benefits until stores are able to reopen."

Kohl's is similarly extending store closures "until further notice" and furloughing all store workers and some corporate workers affiliated with store operations, providing benefits but not pay past the previously announced two weeks. That affects some 85,000 employees, the company told Retail Dive.. . . more