Quote:
Originally Posted by officedweller
I think he means that it's not as difficult a decision when some operating expenses such as wages would widen the loss if they continued to operate, although some retailers such as Lululemon, I think, have announced that staff would be paid as if they had worked.
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I don't think any of the businesses that have chosen to close voluntarily will 'save' money in the short term.
This says Nike will lose money while they're closed. Businesses are shuttering because it's what they think is the best way to protect their staff, (and to a certain extent their brand), but it's going to cost them something - and even more if they continue to pay staff, as several have indicated. It will be the smaller, independent retailers who are really going to struggle, and any chains that are in financial trouble already (Bed, Bath and Bankrupt maybe?).
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