Omnichannel retailer Tailored Brands has announced that its retail stores will continue to remain temporarily closed until 4 May as the coronavirus (Covid-19) continues to spread.
The decision is in line with the federal, state and local government and health authorities’ guidelines.
It will also help protect and preserve the health and safety of its customers and employees.
In addition to the store closure extension decision, Tailored Brands has revealed plans for more cost reductions measures.
It also includes furloughing all its US store employees and the majority of employees in its distribution network and offices.
Tailored Brands president and CEO Dinesh Lathi said: “Our top priority will always be the wellbeing of our employees, customers and communities, and we will continue to take whatever actions we deem necessary to serve this priority.
“We are working to support our furloughed employees through our continued benefit programmes, information about jobs that may be open in their areas and information on government resources. We will continue to monitor the situation carefully and look forward to bringing our employees back to work as soon as possible.”
The company’s CEO, executive vice-presidents and senior vice-presidents will take tiered pay cuts.
The retailer’s e-commerce fulfilment operations remained suspended while it is considering restarting these operations.
Meanwhile, the retailer is continuously monitoring the evolution of the outbreak and is taking recommendations from the Centres for Disease Control and Prevention (CDC), the World Health Organization (WHO) and government officials for its reopening.
Total confirmed cases of Covid-19 have risen to 532,564 globally while the death toll has reached 24,077.