The children’s place extends temporary store closures and provides an update related to the covid-19 pandemic

The children’s place extends temporary store closures and provides an update related to the covid-19 pandemic.childrens place - announcing continued closure of all of our u.s. and canadian stores until further notice.childrens place inc - is not able to predict timing of store re-openings at this time.childrens -store sales were planned to represent about 65% of q1 2020 revenue with significant portion of sales planned for months of march & april.childrens place inc - digital sales continue to accelerate with quarter-to-date demand up double digits versus last year.childrens place inc - executing a substantial reduction and/or deferral of expenses and capital expenditures.childrens place - finalizing execution of accordion feature on its revolving credit facility, which will provide an additional $50 million of liquidity.childrens place inc - evaluating its options on approximately 600 store lease events occurring over next twelve months.childrens place inc - temporarily suspended company's capital return program, inclusive of share repurchases and dividends.childrens place inc - is committed to its capital return program over longer term and will re-evaluate when appropriate.childrens place - effective april 1, 2020 jane elfers, president & chief executive officer, will forgo 100% of her salary until further notice.childrens place inc - senior leadership team will take a temporary 25% reduction in salary until further notice.
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