Macy’s, Bloomingdale’s, Nordstrom to close all stores because of coronavirus

Department stores Macy’s, Nordstrom and Bloomingdale’s are closing all stores because of the coronavirus. Online stores will remain open. At the end of business Tuesday, Macy’s Inc. said it would close all stores including Bloomingdale’s locations through March 31. Store websites will remain open for shopping anytime.“The health and safety of our customers, colleagues and communities is our utmost priority. As a result of the recent COVID-19 developments, we have decided to temporarily close our stores,” Jeff Gennette, Macy’s Inc. chairman and CEO, said in a news release. “We will work with government and health officials to assess when we will reopen our stores and safely bring our colleagues back to work.”Coronavirus changing store hours:Stores cutting hours or closing because of coronavirus: Walmart, Apple, Nike, Albertsons, Trader Joe’s, moreApple store closings:All Apple stores closed except in China ‘until further notice’ due to coronavirusMacy’s, Inc. says it “will provide benefits and compensation to its impacted workforce.”As of Macy’s fourth quarter, the company said it had 775 stores, which include Bloomingdale’s stores and Bluemercury beauty stores.Nordstrom also announced that its stores including its Nordstrom Rack locations would close for two weeks starting Tuesday.“The health and safety of our customers and employees remain our top priority as we continue to make decisions during this rapidly evolving situation,” said Erik Nordstrom, chief executive officer, Nordstrom, Inc., in a news release. “We’re taking decisive actions across the business to help protect employees, customers and others in the communities we serve.”It’s not just toilet paper: People line up to buy guns, ammo over coronavirus concerns Stores cutting hours or closing because of coronavirus: Walmart, Apple, Nike, Albertsons, Trader Joe’s, more What zero rates, sub-1% bond yields mean for your mortgages, student loans and credit cards Working or learning from home: Telecoms give boost in bandwidth to keep us online The Daily Money: Subscribe to our newsletterNordstrom says it operates 380 stores in 40 states, including 116 full-line stores in the U.S., Canada and Puerto Rico and 248 Nordstrom Rack stores.Meanwhile, J.C. Penney and Kohl’s currently say they are reducing store hours