RTW Retailwinds, Inc. Provides Update on COVID-19 Response Initiatives
RTW Retailwinds, Inc. Common Stock (RTW)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--RTW Retailwinds, Inc. [NYSE:RTW], (the “Company”), today announced that in light of the continued efforts to slow the transmission of the coronavirus (COVID-19) pandemic and in an effort to ensure the safety of its associates, customers and communities, the Company is temporarily extending its previously announced store closures. The Company will continue to monitor this ongoing situation, relying on recommendations from the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO) and government officials to determine when its closed stores will reopen. At the present time, RTW’s eCommerce platforms and third party fulfillment center remain operational and continue to serve customers online and through social media.In response to the current challenges, the Company has also announced that it has made the extremely difficult decision to furlough all store associates as well as a significant portion of its corporate home office
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