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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).

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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.

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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.

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