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Stock impact report

Kontoor Brands Provides Update on COVID-19 Business Impacts

Kontoor Brands, Inc. (KTB) 
Last kontoor brands, inc. earnings: 3/5 06:50 am Check Earnings Report
Company Research Source: Business Wire
GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced that it will temporarily close to the general public all owned and operated retail locations across North America and Europe, effective Wednesday, March 18, in response to the COVID-19 coronavirus pandemic.Kontoor anticipates the stores to remain closed to the general public through March 27, 2020, and impacted employees at these retail locations will receive pay and benefits during this time, or any longer period as may be required by local governments. The company will reevaluate this temporary closure as the situation evolves.“We believe it’s our responsibility to do our part to help slow the spread of the coronavirus through social distancing and other measures. Closing our North American and European retail locations is an important, proactive step toward that effort Show less Read more
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