Lululemon Updates Its Plan for COVID-19 Employee Support
On Thursday, lululemon athletica (NASDAQ: LULU) announced several new initiatives to protect and support its employees who are affected by the novel coronavirus. While all but one of its stores in China have reopened, its stores in North America, Europe, Australia, New Zealand, and Malaysia remain closed. The company said it is extending those closures, but will continue to pay employees for the next few months.
"We have extended our temporary store closures until it is safe to reopen each location, and will keep store employees on payroll through June 1, whether our stores reopen or remain closed," McDonald said in a letter to the Lululemon community.
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Source Fool.com
