Each company said it will work to maintain store safety by upholding safety measures like physical distancing, ramping up cleaning and sanitizing practices, and requiring employees to wear protective gear.
The company, which is set to borrow $210 million under its senior secured asset-based revolving credit facility, said it will follow the guidance of local governments and health organizations before reopening stores.
As Covid-19 continues to spread, Monday saw a number of North American retailers moving to protect consumers and employees by implementing store closures, including Nordstrom, Guess, Canada Goose, VF, PVH and Ulta.
Following its announcement of record annual sales, the international fragrance company has reported a 12% increase in full-year earnings but reduced its 2020 outlook due to the ongoing coronavirus outbreak.
The fragrance company has announced record annual sales of $713.5 million for fiscal 2019, reporting particularly solid progress in its U.S.-based operations, where Guess, Abercrombie & Fitch and Hollister led gains.
The teen-focused American fashion retailer announced on Monday that, having achieved record revenues in 2019’s Black Friday week, it is confirming its previously reported financial outlook for the fourth quarter.
Teen apparel retailer Abercrombie & Fitch trimmed its annual sales growth forecast on Tuesday, blaming political issues from Brexit to the Hong Kong protests for keeping customers away from its stores outside the US.