Ralph Lauren: to close all of its stores in North America
(CercleFinance.com) - US high-end clothes maker Ralph Lauren said on Tuesday that it will temporarily close its stores in North America in response to the continued spread of COVID-19.
The company said it will close all of its stores across North America from 18 March through 1 April, saying that employees affected by this closure will receive their standard pay for the full two weeks.
Ralph Lauren plans to provide an update on the operational and financial impact, along with its guidance on its fourth-quarter earnings report, in early May.
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