At Home Group Inc. Provides Update Related to COVID-19
At Home Group, Inc (HOME)
Last at home group, inc earnings: 3/24 04:05 pm
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Source: Business Wire
PLANO, Texas--(BUSINESS WIRE)--At Home Group Inc. (NYSE: HOME), the home décor superstore, today announced an update on the actions the company is taking to manage its business and preserve the company’s financial position in response to the continued impact of the COVID-19 pandemic.Lee Bird, Chairman and Chief Executive Officer stated, “In the face of ongoing uncertainty related to COVID-19, we have taken a series of escalating measures to reduce our operating costs in the near term and further enhance our financial flexibility. We have also made the heartbreaking decision to furlough a portion of our home office, store and distribution center team members. These temporary leaves of absence are effective Saturday, April 11, and all furloughed team members will be paid through that date. This decision has not been taken lightly and, while difficult, we believe it will best position At Home to weather this disruption and emerge stronger on the other side.”At Home has recently taken
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