Retail

Not all retailers will ‘weather’ coronavirus pandemic

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Lululemon announced Thursday that it will be paying all its workers through June 1, whether or not its stores reopen before then, amid the coronavirus pandemic. 

Lululemon also has paid all its April rent to landlords. A hotly debated topic in the industry has been which retailers and restaurants will not be able to send in those rent checks. 

The athletic apparel maker has temporarily shut all its locations across North America, as many retailers have done, to help halt the spread of COVID-19. It is unclear when these thousands of shops will be able to reopen. Many retailers, including Macy’s, Kohl’s, Gap and Bed Bath & Beyond, have furloughed the majority of their store workers in an…



Source cnbc.com

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