Children's Place furloughs salespeople, halts dividend [MarketWatch]
Children's Place, Inc. (The) (PLCE)
Last children's place, inc. (the) earnings: 3/17 07:32 am
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Source: MarketWatch
Children's Place furloughs salespeople, halts dividend Children's Place Inc. PLCE, +1.50% said late Tuesday it will furlough field managers and store employees starting April 5 "until they can safely return to their positions" and will suspend dividend and share buybacks, among other measures to shore up its balance sheet amid the coronavirus pandemic. Stores have been closed since March 18 and will remain closed until further notice, the retailer said. The company said it plans on a combination of temporary furloughs and pay cuts for most of its corporate staff. It said it will provide health benefits to furloughed sales associates, without specifying a timeframe. Chief Executive Jane Elfers will forgo her salary and executives will take a temporary 25% pay cut, the company said. The Children's Place is also cutting or deferring expenses and capital expenditures, working with vendors to extend payment terms, and triggering a feature on its revolving credit facility to get an addit
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PLCE
News
- PLCE Investors Have Opportunity to Lead The Children's Place, Inc. Securities Fraud LawsuitPR Newswire
- The Children's Place, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 29, 2024 to Discuss Your Rights - PLCEAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against The Children’s Place, Inc. - PLCEAccesswire
- Levi & Korsinsky Reminds The Children's Place, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 29, 2024 – PLCEGlobeNewswire
- Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 29, 2024 in The Children's Place Lawsuit - PLCEAccesswire
PLCE
Earnings
- 11/16/23 - Miss
PLCE
Sec Filings
- 4/18/24 - Form SC
- 4/18/24 - Form NT
- 4/18/24 - Form 8-K
- PLCE's page on the SEC website