At Home to start closing stores March 22 for six days, launches curb-side pick up service [MarketWatch]
At Home Group, Inc (HOME)
Last at home group, inc earnings: 3/24 04:05 pm
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Source: MarketWatch
At Home to start closing stores March 22 for six days, launches curb-side pick up service At Home Group Inc. HOME, -1.96% said Friday that it will close all of its stores for six days, starting March 22 through March 28, to an effort to stop the spread of the COVID-19 virus. The home decor retailer said all of its employees will be paid during the closures. The company said, however, that it will launch a curb-side pick-up service, to be available to most stores, with more information available online. At Home said in addition to the temporary store closures, and suspending new store openings, it has drawn $55 million from its credit facility to provide increased financial flexibility. The stock, which surged 11% in premarket trading, has plummeted 71.5% over the past month through Thursday, while the SPDR S&P Retail ETF XRT, +5.55% has declined 36.5% and the S&P 500 SPX, -0.07% has lost 28.6%.
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