Ross Stores Inc. release COVID-19 (coronavirus) guidance
Ross Stores Inc. (Ross Stores) provided a business update amid the coronavirus outbreak. All Ross Dress for Less and dd’s DISCOUNTS stores were closed on March 20, 2020. While the company hoped to have stores reopened by April 4, 2020, Ross Stores had to postpone the reopening due to the continued spread of the coronavirus. Additionally, company management also implemented measures to reduce expenses. For example, while the store remained closed, Ross Stores furloughed the majority of its store and distribution associates until operations can resume.
COVID|LaborIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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