Gap Inc. , which owns the Gap, Banana Republic and Old Navy retail chains, and Ascena Retail Group Inc. , which operates Ann Taylor and other stores,...
Gap Inc. GPS, -4.75%, which owns the Gap, Banana Republic and Old Navy retail chains, and Ascena Retail Group Inc.
which operates Ann Taylor and other stores, announced plans Monday to furlough employees amid the spread of COVID-19. Gap announced that it would"furlough the majority of its store teams in the United States and Canada, pausing pay but continuing to offer applicable benefits until stores are able to reopen," along with laying off corporate workers and cutting executive salaries. Gap previously announced that stores would be closed till April 1, but extended that indefinitely Monday.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gap Inc. Pledges to Produce Masks for Frontline WorkersThe company will also produce scrubs and gowns to deliver to hospitals.
Read more »
Gap Inc. Pledges to Produce Masks for Frontline WorkersThe company will also produce scrubs and gowns to deliver to hospitals.
Read more »
Macy's Furloughs Most Of Its 130,000 WorkersCiting the pandemic's 'heavy toll' on its business, Macy's says it's furloughing the majority of its employees. Its stores have been closed since March 18 and there's no sign when they will reopen.
Read more »
Everlane Cuts Hundreds of Workers Over Coronavirus PressureRetail and backend employees have been let go, after apparent assurances that jobs were safe amid the coronavirus.
Read more »
Amazon workers to stage a walkout Monday, demanding closure of Staten Island facilityAmazon employees at the company's Staten Island, New York, facility plan to walk off the job Monday amid allegations the online retail giant has mishandled its response to the coronavirus pandemic.
Read more »
Village life under lockdownCovid-19 is bringing communities closer in small English villages like Wilton
Read more »