Many retailers are closing their doors for the next 2 weeks because of the coronavirus
; The company has reduced store hours. Some stores may be closed based on available public transportationThis cosmetic retailer is closing its stores in Atlanta, New York and London and delaying opening new stores.Stores will be closed through March 29. Associates will be paid for hours scheduled.The company has reduced store hours in the U.S., Canada and Mexico and will be open only from noon to 6 p.m. All events and workout classes have been canceled.: Stores in U.S.
I will try to update this report as more information becomes available. For now, it seems most retailers are hoping for a timely resolution of this virus threat so they can reopen next month. I hope so, too. I was the senior retail analyst at Morgan Stanley for 16 years, following a 20 year career at retailers including Macy’s, May Department Stores and Allied Stores.I was the senior retail analyst at Morgan Stanley for 16 years, following a 20 year career at retailers including Macy’s, May Department Stores and Allied Stores. Currently I head Loeb Associates Inc. a management consulting and strategic advisory firm for leading domestic and international retail companies.
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