Macy's CEO announced Monday that the majority of the company's workforce would be furloughed during the pandemic, explaining that having "cash sufficiency" during the crisis was the top priority at the moment.
Impacted employees will not be paid during this time but will remain employed by the company. They will continue to receive healthcare benefits through May.
JCPenney announced Tuesday that it would furlough many of its 85,000 employees.
The company said the furloughs would affect a majority of its hourly store employees starting April 2.
JCPenney will also furlough a "significant portion" of its corporate workforce starting April 5.
The furloughs will affect employees at its headquarters in Plano, Texas, as well as its offices in Salt Lake City and New York City.
Many of the company's employees in supply chain and logistics centers were previously furloughed on March 20.
Victoria's Secret is one of the few retailers to shut its brick-and-mortar locations and online store, though the latter was for only a week. Its part owner L Brands announced this week that it is furloughing the majority of its workforce at Victoria's Secret as well as at its sister brand Bath & Body Works.
These workers would be furloughed starting April 5 until further notice, the company said.
On Monday, Kohl's extended its store closures until further notice and at the same time furloughed all of its store and store distribution center associates along with some corporate office employees.
These workers will not be paid during this time but will continue to receive health benefits.
Gap Inc. confirmed on Monday that stores would remain closed beyond its initial deadline of April 1. Because of this, the company has chosen to furlough the majority of its store teams across the US and Canada. And as the retail giant owns Gap, Old Navy, Banana Republic, and Athleta, along with a selection of smaller brands, this decision will impact thousands of workers.
While it will be cutting pay during this time, these workers will continue to receive benefits until stores reopen.
Trendy clothing brand Everlane laid off more than 200 workers this month and furloughed a further 68, according to a recent Vice report.
All of the retailer's stores are currently closed.
Nordstrom said it would furlough "a portion of corporate employees" starting April 5 and lasting for six weeks.
A spokesperson for the company did not respond to Business Insider's request for comment on whether store workers were included in this.
Concerns about the safety of rental products and the fact that many consumers are on lockdown and aren't going out mean that the rental sector is being badly impacted by the pandemic, Neil Saunders, managing director of GlobalData Retail, said in a recent email to Business Insider.
Rent the Runway has taken action to temporarily close its stores and has since laid off all of its retail workers, according to a Verge report.
Ascena Retail, the parent company of Ann Taylor, Lane Bryant, and Loft, recently furloughed all of its store workers and around half of its corporate staff. Workers that were enrolled in medical benefits will continue to receive them during this time, the company said.
Some of its corporate workers who were not furloughed saw cuts of between 10% to 45% in their base salaries. The company's interim executive chair Carrie Teffner and CEO Gary Mutoboth confirmed in a company press release they would take a 50% cut in their salaries during this time.
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