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Financial Daily Dose 3.31.2020 | Top Story: US retail giants furlough hundreds of thousands of workers as locations remain closed

BY: Michael D. Reif | March 31, 2020

Macy’s announced on Monday that it will furlough most of its nearly 130,000 workers (at its Macy’s, Bloomingdale’s, and Bluemercury retail locations) starting this week as its stores remained shuttered due to the pandemic. The company will “continue to pay health benefits and cover 100% of premiums at least through May” Gap and Kohl’s revealed … Continue reading