1. News
March 30, 2020

Covid-19: Claire’s Stores takes action to reduce impact of pandemic

Speciality jewellery and accessories retailer Claire's Stores has provided updates on actions taken to reduce the impact of the coronavirus (Covid-19).

Visit our Covid-19 microsite for the latest coronavirus news, analysis and updates

Free Report
img

Build resilience in the face of COVID-19 disruption

COVID-19 has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities. Are you interested in actionable insights on the business challenges induced by the pandemic? GlobalData's cross-sector report analyzes the significance of this major disruptive theme across industry verticals. It provides side-by-side research of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. Additionally, it offers qualitative analysis of each sector and analyzes COVID-19’s impact on leading companies. Whatever your company’s imminent strategic plans, the long-lasting impact of COVID-19 must not be overlooked. Find out how to futureproof your business operations – download our report today.
by GlobalData
Enter your details here to receive your free Report.

Follow the latest updates of the outbreak on our timeline.

Speciality jewellery and accessories retailer Claire’s Stores has provided updates on actions taken to reduce the impact of the coronavirus (Covid-19).

The majority of its store-based associates are on temporary leave and will be recalled when stores reopen. The company’s 250 corporate office employees have also been placed on temporary leave.

Additionally, the senior leadership team of the retailer will also be taking a pay cut while CEO Ryan Vero and board members take a reduction of 30% in their pay.

However, the company is providing employee-paid healthcare premiums for up to eight weeks.

Meanwhile, its e-commerce and concession businesses operate as usual until further action.

Claire’s Stores CEO Ryan Vero said: “We are all facing unprecedented challenges associated with the Covid-19 pandemic.

“Over the last several weeks, we have temporarily closed all of our stores worldwide, moved our corporate teams to a work-from-home environment, and changed the configuration of our distribution centers in order to practice safe physical distancing at work. As we continue to focus on the safety of our employees and communities, it has now become clear that our stores will need to remain temporarily closed until further notice.”

The company will closely monitor the evolution of the outbreak and comply with Centres for Disease Control and Prevention (CDC), the World Health Organization (WHO), and government officials recommendation regarding opening.

The number of confirmed cases due to coronavirus have reached 672,086 globally with 31,191 recorded deaths.

With 86,000 confirmed cases, the US has overtaken China as the country with the most Covid-19 cases. The number of deaths in the US has reached 1,300.

Free Report
img

Build resilience in the face of COVID-19 disruption

COVID-19 has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities. Are you interested in actionable insights on the business challenges induced by the pandemic? GlobalData's cross-sector report analyzes the significance of this major disruptive theme across industry verticals. It provides side-by-side research of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. Additionally, it offers qualitative analysis of each sector and analyzes COVID-19’s impact on leading companies. Whatever your company’s imminent strategic plans, the long-lasting impact of COVID-19 must not be overlooked. Find out how to futureproof your business operations – download our report today.
by GlobalData
Enter your details here to receive your free Report.