The retailer has 37 locations in the U.S., according to its website. TJX said in a press release that it plans to pay store workers, workers in its distribution centers and office associates over the next two weeks. A. The retailer said it will offer all impacted store workers pay and benefits during this time. The company said it "remains committed" to paying all store workers during this time. Meantime, retailers such as Walmart and Costco that sell essentials including food, medicine and cleaning supplies have seen a surge in demand. All of its soaps and other goods are made on a weekly basis. Because of the "heightened uncertainty" around COVID-19, Nordstrom has also withdrawn its 2020 outlook. Lululemon said it will continue to pay workers for all of their hours during this time and they will receive pay for 14 days if they are asked to self-quarantine due to COVID-19. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. "As of now, our Field Operations teams will continue to deliver Peloton Bikes and Treads to people's homes, while taking extra precautions to address the safety of both our Members and our team," CEO John Foley said in a statement. Corporate staff is working remotely, but all stores are closed in the U.S. and Europe from March 15 to March 27. As of Feb. 2, the company had roughly 130,000 employees, excluding seasonal staff. Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). GameStop has many of its stores from March 22, until further notice. "This is truly a global effort that requires all of our participation.". Data is a real-time snapshot *Data is delayed at least 15 minutes. The largest U.S. mall owner, Simon Property Group, is also temporarily closing all of its malls and outlet centers domestically. The makeup retailer said it's closing all of its stores and brow bars in the U.S. and Canada, as of end of day March 17. "During this unprecedented period of uncertainty, we have in place the appropriate business continuity plans, operational framework and team," CEO Erik Nordstrom said in a statement. The country has registered 151.4 deaths per million people in the past seven days, the highest globally, data compiled by Bloomberg showed. The fashion retailer is closing all of its stores across North America from March 18 through April 1. The owner of high-end brands Coach, Kate Spade and Stuart Weitzman is shutting all of its stores across North America and Europe through March 27, "at which time the company will determine the appropriate next steps in light of the environment." Here are some of the announcements retailers have made so far, sorted in alphabetical order by company name. The men's clothing company has closed its stores until at least March 19. The owner of Calvin Klein, among other brands, is closing all of its locations across North America and Europe beginning March 17 through March 29. List of Simon Property Group properties. It said store workers will be paid through April 5 and receive benefits through April. Unibail-Rodamco-Westfield and Taubman Centers have also temporarily closed their malls, including Westfield Garden State Plaza in Paramus, New Jersey, and Beverly Center in Los Angeles. Urban Outfitters operates about 600 stores under the brands Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. A lot of these retailers are still keeping their websites up and running, encouraging consumers who might be holed up at home to order online instead. Jamie Salter and David Simon, one a licensing expert and the other a mall operator, are reshaping the shopping landscape by acquiring bankrupt brands like Brooks Brothers and Forever 21. American Eagle also has withdrawn its first-quarter 2020 earnings outlook, "as management expects store closures and the impact of COVID-19 to have a material adverse impact on financial results.". Away has more than 500 corporate and retail employees. This is a list of properties owned by Simon Property Group, an American property management corporation. H&M said any workers who are impacted by the closures will receive two weeks of continued pay. L Brands has also withdrawn its first-quarter 2020 earnings outlook. It said it will be paying store workers for any previously scheduled shifts. They will be closed through April 3. "Our hope is that we can bring some sense of normalcy to our customers who still want to shop with us," it said. The company announced on March 22 that by the morning of March 23, it will shut all of its stores across the U.S. and Canada, other than its buybuy BABY and Harmon Face Values shops, which sell personal care items and other necessities. The sportswear company is shutting all of its stores across North America until at least March 27. Final Trades: Facebook, Las Vegas Sands, Simon Property Group & more. It will extend its online return policy to 60 days. The company added that many of its stores across the Asia-Pacific region have since re-opened, though some shops are running on reduced hours. In Canada, Canada Goose said it will begin closing its in-house production facilities also starting on March 17 for at least two weeks. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. © 2021 CNBC LLC. "Our decisions are grounded in the belief that there are more important things than business right now—we owe that to one another.". It has also postponed all of its community events until further notice. If an event is cancelled, customers can choose a gift card and an additional 20% discount for future use, or a full refund.". The shoe retailer said it is temporarily closing its stores, across all of its brands, in North America, EMEA and Malaysia, starting March 17 through March 31. Corporate employees will also begin working remotely, the company said. The company said it will also extend its return policy for recent in-store purchases to 30 days after stores reopen. Got a confidential news tip? Adidas said the closures will last through March 29. Foot Locker has also withdrawn its 2020 earnings outlook. As of the latest reported quarter, Macy's was operating 551 Macy's department stores, 34 Bloomingdale's locations, 19 Bloomingdale's outlets and 171 Bluemercury shops, according to its website. The retailer is closing stores in the U.S. and Canada from 6 p.m. local time March 17 through April 2, at least. Simon Property Group (NYSE:SPG) gains 1.2% in premarket trading after Jefferies analyst Linda Tsai upgrades the shopping mall REIT to Buy, noting that "the macro set … In an FAQ on its website, Everlane said its factories and distribution center will continue to operate and it said it plans to launch new products as brick-and-mortar locations are closed. But "as the situation evolves, we will continue to evaluate all pay and benefits," the company said in a press release. The Seattle-based department store chain is temporarily shutting all of its locations, including Nordstrom Rack, in the U.S. and Canada for two weeks, starting March 17. The company said it is evaluating potentially reopening some of its Bath & Body Works locations even sooner, "to meet our customers' essential needs for hand soap and anti-bacterial products.". All employees also will be paid during the closure, the company said. The watch retailer has shut all of its stores and outlet locations in North America until March 28. The denim maker is temporarily closing its owned and operated retail locations in the U.S. and Canada from March 16 through at least March 27. Nordstrom then on March 25 said it would be extending the closures for another week, through at least April 5. REI said all store employees will be paid during the temporary closure. Got a confidential news tip? Ten of the stores are in the U.S., and it has one each in London and Toronto. Nordstrom has 116 full-line department stores in the U.S., Canada and Puerto Rico, and 248 Rack shops. "The decision to close all our stores outside of the APAC region has been done with a focus on the wellbeing of our associates, our customers, our partners, and our communities, and it is in keeping with our commitment to being a responsible corporate citizen," said CEO Fran Horowitz. All J.Crew and J.Crew Factory stores are closed until March 28, the company said in a memo on its website. Macy's said it will offer benefits and compensation to its affected workers during this time. We want to hear from you. PVH said all of its retail workers will still receive full pay and benefits for their scheduled shifts during this time. "During this time of business disruption and uncertainty, we are carefully managing our expenses, working capital, capital expenditures and balance sheet," he added. (NOTE: This list is being updated daily as new announcements come in.). Hudson's Bay said it will pay workers for their scheduled hours during this time. In Europe, all shops are closing from March 19 until April 10. Outdoor Voices said it will be compensating all scheduled store employees in the meantime, and its employees from its Austin, Texas, headquarters will be working remotely. They will remain closed until April 3. The athletic apparel retailers has closed all of its 11 stores in the U.S. until March 27. Simon’s Crystal Mall loan is secured by a 518,500-square-foot portion of the 783,300-square-foot mall. Major retailers across the U.S., including Macy's, Apple and Nike, are shutting down their stores or reducing hours in response to the coronavirus pandemic. Away has a dozen stores, including the Dallas location, according to the company's website. Nike said it will close its stores in the U.S., Canada, Western Europe, Australia and New Zealand beginning March 16 through March 27. Signet Jewelers said store workers will receive pay and benefits through April 4, at which point it will assess the situation again. It has 10 locations in the U.S., in cities including New York and San Francisco, according to its website. Lush Cosmetics is shutting all 258 of its locations across the U.S. and Canada from March 16 to March 29. L Brands said hourly workers will still be paid through March 29, "based on average hours worked over the past four weeks." "While retail store traffic has shown some improvement over the past month, it remains down significantly compared with the prior year," the company said in a statement. Its online and subscription businesses will continue to operate. It said it will continue to produce live content for its bike riders from a closed set. Its corporate and brand offices in North America are also being shut down during this time. Kohl's CEO Michelle Gass said the company will still offer workers two calendar weeks of pay. The women's clothing company has shut all 19 of its stores temporarily, until further notice, according to its website. The company said store employees will continue to receive pay and benefits during the closures. The company said it has started to make "further reductions to its expense and capital expenditure plans" and is also suspending any share repurchasing. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Tapestry said workers will still receive scheduled pay and benefits during this time. Glossier has locations in Atlanta, New York and London and is delaying the opening of a new location in Arizona. The eyeglass retailer is keeping its online operations running but all stores will close March 15 through March 27. The company said all employees will receive pay while stores are closed. The shoe company has temporarily shut its three stores, which are in New York and Florida, founder and CEO Ryan Babenzien tells CNBC. All Rights Reserved. Starting 7 p.m. local time on March 18, all of Simon's malls will go dark until March 29. Aritzia said that all of its profits for now are being funneled into its Community Relief Fund, to help workers and their families who are being affected. The anticipated purchase by Simon and Brookfield also preserves around 70,000 JCPenney jobs. The retailer said its stores will close temporarily until at least March 28. Apple had closed all of its mainland China stores in early February, but by March 13, they had reopened with limited working hours. The decisions, while smart for customers, workers and the community at large, will no doubt weigh heavily on the already-stressed industry. Simon Property SPG Group and Brookfield Properties, two of the country’s largest shopping mall landlords, entered into a partnership as co-owners of the department store firm. All of the clothing retailer's stores will be shut until March 28. "This, in concert with ending 2019 with a solid financial position and healthy balance sheet, gives us the ability to weather this challenging moment in time.". The department store chain is closing all stores temporarily, effective 7 p.m. local time on March 19 through April 1, at least. The parent company of chains Kay Jewelers, Zales, Jared, James Allen, Peoples and Piercing Pagoda said it has temporarily shut all of its stores across North America. "Our primary focus remains keeping you and each member of our team feeling safe, healthy and supported in the coming days and weeks," the company said. The company said it will pay store employees during the closures and urge corporate employees to work remotely. "We will continue watching, listening and learning, day by day, and will keep you posted as things evolve," CEO Jan Singer said in a statement. Its portfolio of brands includes the namesake Williams-Sonoma label, Williams-Sonoma Home, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Rejuvenation, and Mark and Graham. "Malls & Centers is not affiliated or associated with, or sponsored or endorsed by, or in any way connected with Simon Property Group, L.P., or any of its subsidiaries or its affiliates. The company said employees will still receive their full pay during this time. Jump to navigation Jump to search. Vineyard Vines has closed all of its stores from March 15 until March 27. Workers will still be paid in full during this time off. Mall owners and operators, such as Brookfield and Simon Property Group, have had a brutal 2020: Shifts in consumer behavior have been gnawing away at … "Please be mindful that you may experience shipping delays as we have implemented a social distancing plan as a precaution for the teams in our distribution centers and this may temporarily slow processing," the company said in a statement on its website. "As millions of Americans look to GameStop to adjust to their new normal of increased time at home, for work, learning and play, we have implemented practices to help ensure the safety and health of our employees, customers and partners," CEO George Sherman said. The sneaker maker is temporarily closing its Adidas-owned and Reebok-owned stores in the U.S., Canada and Europe, starting March 17 in the U.S. and Canada, and March 18 in Europe. "With the outbreak spreading more broadly across the globe, it is apparent that the situation has deteriorated considerably," COO David Weinberg said in a statement. In a statement on Ulta's website, CEO Mary Dillon said store employees will be paid while stores are closed. CEO Bonnie Brooks said full- and part-time workers will still receive their full pay during this period. RH said it will be paying workers during this time period. Cook said that all hourly workers "will continue to receive pay in alignment with business as usual operations.". The company said its workers will still receive pay for the hours that they have been scheduled to work during this time. This includes Roosevelt Field Mall in New York, Northgate Mall in Seattle and Lenox Square in Atlanta. As of December 31, 2016, the Company owned or held an interest in 206 income-producing... Stocks making the biggest moves midday: Simon Property, Cisco, Sunrun & more, Friday's biggest analyst calls: United, Coinbase, Roku, Microsoft, Disney & more, What to watch: Dow set to rise after closing above 34,000 for first time ever, Stocks making the biggest moves premarket: Morgan Stanley, Sunrun, Comcast and more, Friday's biggest analyst calls: Apple, GE, Western Digital, Honeywell, JPMorgan, REITs Are Cheap: Office Is The New Retail, Simon Property: The Best House On A Bad Block, 2 REITs That Could Double In The Recovery, Simon Property upgraded to Buy at Jefferies on favorable macro set-up. Ralph Lauren said that all of its team member impacted by the temporary closures will receive standard pay during this time. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "We believe it is prudent to institute further safety protocols while meeting this increased demand through curbside pick-up. One analyst has estimated this could result in a record year for permanent retail store closures, which could mount to over 15,000. We want to hear from you. The owner of brands including Vans and Timberland has closed all of its stores across North America through April 5. CEO Richard Johnson said Foot Locker will continue to pay workers during this time. The luggage startup is closing its stores for at least two weeks, starting close of business March 16. Simon Property's dividend payout is secure, and the company's fundamentals remain intact despite the pandemic. As a result, the company has also withdrawn its full-year outlook. "Responding to consumer demand, we will continue to make available essential infant, personal and health care products to customers who need items urgently, in our stand-alone buybuy BABY and Harmon stores," CEO Mark Tritton said. Simon Property Group and Brookfield Property Partners controlled 5 of the 11 malls whose valuations have fallen the most, according to Trepp, which … Casper said it will be paying its store workers for their scheduled hours during the closures. The largest U.S. mall owner, Simon Property Group, is also temporarily closing all of its malls and outlet centers domestically. The company said it will be offering workers two-weeks pay and benefits during this time. TJX also on March 19 announced it will be withdrawing its earnings outlook for the current fiscal year and quarter. It said it is suspending its buyback program. But it is unclear what kind of demand they are seeing for items such as apparel and home goods. The sporting goods retailer will close all of its stores in North America from March 16 through March 28. Others are reducing store hours or pitching in to offer space for virus testing. Madewell also said it has suspended all community events until further notice. Skechers also has withdrawn its 2020 earnings outlook. The shoe retailer has temporarily closed its four stores in the U.S. through at least the end of March, according to its website. Its HQ team will be working from home. The clothing retailer is closing its six stores until March 28. Under Armour said all of its workers will receive pay during this time. Simon is also renovating or expanding 27 existing malls this year. L Brands has also temporarily halted taking "new" online orders through Victoria's Secret and PINK, and instead is focusing on selling soaps and hand sanitizers via its Bath & Body Works business on the internet. Levi Strauss & Co. said all store workers will be paid for their scheduled hours during the closures. Bank is closing all of its stores across the U.S. and Canada from March 17 until March 28. All Rights Reserved. "This is a tough call for many reasons," Weiss said in the post. It said it is guaranteeing regular pay for all employees during this time. Premium Outlets Montreal; Toronto Premium Outlets; Japan. The resale business has made all of its stores and luxury consignment offices open by appointment only, from March 16 to March 27. At the time of the drawdown, Signet said it had $1.2 billion in cash and $292 million available on the revolver. "As rates of new infections continue to grow in other places, we're taking additional steps to protect our team members and customers," Apple CEO Tim Cook said in a blog post. This is a list of shopping malls in the United States and its territories that have at least 2,000,000 total square feet of retail space (gross leasable area).The list is based in part on information provided by the International Council of Shopping Centers and by the Department of American Studies at Eastern Connecticut State University as part of its Shopping Mall Studies. "Following guidance from public health authorities, we understand that practicing social distancing and reducing dense public gatherings as much as possible is critically important at this time," the company said in an email to customers. It said its stores in Greater China are open at this time. For customers who might have been ordering from Tailored Brands for a wedding or other special event, the company explained in a statement: "We will work with customers as their plans evolve. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. Foot Locker has 3,129 retail stores in 27 countries, according to its website. Get this delivered to your inbox, and more info about our products and services. The apparel retailer is shutting all of its stores, including Aerie, in the U.S. and Canada until at least March 27. "The decision to close our retail stores, as well as our corporate and brand offices in North America, is the responsible thing to do to help mitigate the spread of the virus through social distancing," Chairman Steve Rendle said in a statement. The RealReal CEO Julie Wainwright said the company will also be offering virtual consignment appointments, for consumers who want to sell something in the interim. Data is a real-time snapshot *Data is delayed at least 15 minutes. "As a result, we have decided to withdraw our guidance as we are unable to reliably quantify the impact of the COVID-19 outbreak on our future financial results.". It said it will encourage employees at its corporate offices to work remotely. Dick's Sporting Goods said when it made the announcement on March 18 that it has seen a significant reduction in customer traffic and demand because of COVID-19. Those developments are further signs of the heightened competitiveness in an industry where once-reliable anchors and tenants like Macy’s, Sears, RadioShack, Staples, and JC Penney have been closing stores right and left. It is also delaying the opening of a new store in Dallas. The owners of Bath & Body Works, Victoria's Secret and PINK said all of its stores in the U.S. and Canada are shut and will not reopen until March 30. The mattress maker has shut its stores in North America from March 17 through March 27. But the store closures are creating much uncertainty about the retailer's business, prompting the company to withdraw the financial outlook it issued earlier this month for both the fiscal first quarter and full year. The clothing and accessories rental company has closed its stores in New York, California, Illinois and Washington, D.C., as of March 16 until March 27. The outdoor apparel and recreation retailer will close all of its 162 U.S. stores from March 16 through March 27. In a letter to employees, CEO Dani Reiss said he is forgoing his salary for at least the next three months, to help offer financial assistance to workers. The luxury jewelry chain has temporarily closed some of its stores, including its Fifth Avenue flagship in Manhattan. The largest U.S. mall owner, Simon Property Group, is also temporarily closing all of its malls and outlet centers. The sporting goods retailer closed all of its stores and web operations. The makeup and skincare retailer said it will close all stores in the U.S. and Canada, as of 5 p.m. local time on March 17. A Division of NBCUniversal. It added that it will continue shipping internet orders "with no breaks in service.". If an event is postponed for any reason, we will maintain order details and measurements, so the order can be reactivated with a simple phone call whenever the event is rescheduled. "In our New York City flagship alone, 2,000 people gather daily from around the world.". Sign up for free newsletters and get more CNBC delivered to your inbox. Chico's, which also owns White House Black Market, has withdrawn its earnings outlook because of the uncertainty of the situation. Because of the store closures, this also means the company will be scaling down its North American manufacturing and distribution operations in the interim. Nike had 384 retail stores in the U.S., including Converse and its outlet locations, at the end of 2019, according to SEC filings. Neighborhood Goods says its team will be paid in full throughout this time, and that pay will not be deducted from a worker's paid time off or sick leave. "The health and safety of our shoppers, retailers and employees is of paramount importance and we are taking this step to help reduce the spread of COVID-19 in our communities," CEO David Simon said in a statement. Internationally, it had more than 750 locations. The company added that it has experienced limited disruption to its supply chain, overall, due to COVID-19. "We are monitoring the situation globally, and closure decisions are being made on a country-by-country basis as necessary to protect our teammates and customers," a spokesperson said in an emailed statement. Columbia had 122 outlet stores and 21 branded stores in the U.S. as of Dec. 31, according to SEC filings. "In this uncertain time, we urge our community to continue to act with compassion and care as we consider how we move about the world, and take all necessary precautions to protect yourselves and each other.". The furniture retailer said it will be closing all locations from March 18 through March 27. Get this delivered to your inbox, and more info about our products and services. The cosmetics retailer is closing all stores, according to a blog post from founder and CEO Emily Weiss. Its corporate staff is working remotely, but other workers who are unable to do their jobs from home are working in staggered shifts in order to create "social distance.". The parent company of fast-fashion retailer Zara, which is based in Spain, has temporarily closed all of its stores in the U.S. The apparel conglomerate has closed all of its stores across North America until March 31. It also announced it has drawn down $900 million from its asset-based revolving credit facility. "This is a difficult decision for any business, and I do not make it lightly," CEO Eric Artz said in a letter on the company's website. Simon notably marks the first major retail real estate owner to make such a broad-sweeping decision.

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