RH Locations Are Closed Until Further Notice
Luxury home-furnishings retailer RH (NYSE: RH) released 2019 financial results on Monday, and it was a record year. However, higher on investors' radars is the fact that the company is keeping its locations closed indefinitely due to the COVID-19 pandemic. Previously, it hoped to keep stores closed only until March 27. But as the coronavirus continues to spread, RH was forced to extend its closures.
For RH employees of closed locations, the company intended to pay them until March 27, when its reopening was planned. Now, the company will pay its workers only through April 3.
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Source Fool.com
