Capri furloughs all North America store staff, sees stores reopening only after June 1 [Reuters]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Reuters
Michael Kors owner Capri furloughs all North America store staff (Reuters) - Michael Kors owner Capri Holdings Ltd ( CPRI.N ) said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to open its stores only after June 1. Several retailers, including Capri, have already closed their stores in the United States and Europe amid lockdowns to curb the spread of the virus that has killed about 68,000 people globally. The company’s shares, which have lost more than three-quarters of their value this year, rose nearly 25% on Monday as broader markets rallied amid hopes that the pandemic was slowing down in some of the hardest-hit regions. Capri, which had a total of about 17,800 employees at the end of fiscal 2019, said furloughed employees were eligible for unemployment insurance and other government relief programs. It added it would need a smaller workforce once the pandemic ends. “Given our size and scale, we believe that Cap
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CPRI
Earnings
- 2/8/24 - Miss
CPRI
Sec Filings
- 4/22/24 - Form 8-K
- 4/15/24 - Form 8-K
- 2/13/24 - Form SC
- CPRI's page on the SEC website