Macy#39;s, Kohl#39;s, Gap turn to mass furloughs as virus crisis deepens - The Time 2019

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Tuesday, March 31, 2020

Macy#39;s, Kohl#39;s, Gap turn to mass furloughs as virus crisis deepens

Macy#39;s, Kohl#39;s, Gap turn to mass furloughs as virus crisis deepens Kohl̢۪s also said it would suspend its share repurchase program, evaluate its dividend plan and draw down $1 billion from an existing credit line, joining a growing list of companies seeking to shore up their cash reserves to weather the financial hit from the health crisis.

from Moneycontrol World News https://ift.tt/2ULv352

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