Left Menu
Development News Edition

EXCLUSIVE-Ross Stores tells vendors it will cancel merchandise orders through mid-June

Reuters | Updated: 02-04-2020 15:57 IST | Created: 27-03-2020 00:37 IST
EXCLUSIVE-Ross Stores tells vendors it will cancel merchandise orders through mid-June

Ross Stores Inc said in a letter to vendors on Thursday it would cancel all merchandise purchase orders through June 18 due to the impact the coronavirus has had on its business.

"This is the first time in our history that we are unable to deliver exceptional merchandise to our customers," the memo, which was reviewed by Reuters, reads. The Dublin, California-based discount store operator said it would also extend payment terms on all existing merchandise payables by 90 days.

A company spokesperson was not immediately available for comment. Last week, Ross Stores announced it would temporarily close all Ross Dress for Less and dd's DISCOUNTS locations throughout the U.S. from March 20 through April 3. A slew of other hard-hit, "non-essential" retailers also have been forced to shutter shops, including Macy's Inc, Nordstrom Inc and Nike Inc <NKE.N.

Almost 489,000 people have been infected by the coronavirus globally and over 22,000 have died, according to a Reuters tally.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



Workplaces post-COVID 19: Tech innovations to catalyze a remote working culture

Due to lockdowns imposed in several countries, work-from-home culture has literally jumped into almost every company in the world whether they were ready or not....

All party meeting - Blocking dialogue not culture of Bengal, Mamata needs to speak up

If that happens, history will record it as the dark age of Bengal....

Diya Jalao for COVID 19: How Modi put Power Grids and power warriors at risk?

While Prime Minister Narendra Modis staunch supporters are busy in search of hidden science behind the sudden announcement of 9minutes9pm campaign but his ignorance of the actual science has put the nation in another danger. The scientists ...

'Diya jalao' for COVID 19: Modi needs to practice his teachings and control fake news on social media

In his video message to the nation on Friday the Prime Minister talks about peoples collective power to win the invincible. However, he has made no concreate efforts to win over the confidence and represent the collective power of the polit...


Latest News

Spain's pace of coronavirus deaths slows again

Spains pace of new coronavirus deaths slowed for the fourth day on Monday as the government contemplated a gradual easing of a lockdown in place since mid-March in the country with the second highest death toll from the global pandemic.As w...

FOREX-Dollar rises against yen as Japan ready to declare state of emergency

The U.S. dollar stalled against most currencies on Monday but continued its rise versus the Japanese yen as the rate of deaths from coronavirus in Europe slowed while deaths in Japan and elsewhere in Asia accelerated. The yen fell, while th...

Russian Doll Season 2 synopsis revealed, Imminent season consists of 8 episode

It has been over one year since Russian Doll Season 1 dropped its finale and fans are passionately waiting for Russian Doll Season 2. Read the texts below to get the latest updates on the American comedy-drama web television series.Let us n...

Germany draws up plans to relax lockdown after April 19

Germany has drawn up a list of steps, including mandatory mask-wearing in public, limits on gatherings and the rapid tracing of infection chains, to help enable a phased return to normal life after its coronavirus lockdown is set to end on ...

Give Feedback