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Tag: suspends

Shopify stock down after it suspends 2020 guidance due to coronavirus

Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC Shopify suspended its full year 2020 guidance due to growing disruptions from the coronavirus pandemic, but said it expects first quarter revenue to be in-line with expectations. Shares of Shopify plunged 13% on Thursday morning. “Given the uncertainty surrounding the duration and magnitude of COVID-19, Shopify is suspending …

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Yum Brands suspends $2 billion buyback program amid coronavirus crisis

Yum Brands CEO David Gibbs said Wednesday the company’s decision to suspend its $2 billion share buyback program allows it to better support employees and franchisees during the COVID-19 pandemic.  “We can do things like we just did in the United States, which is provide a grace period for our franchisees on their royalties or suspend capital investments for …

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flipkart services suspended | Covid-19: Flipkart temporarily suspends all services, Retail News, ET Retail

Ecommerce major Flipkart on Wednesday said it is temporarily suspending operations in view of the 21-day nationwide lockdown due to Covid-19 outbreak. “Hello fellow Indians, We are temporarily suspending operations. Your needs have always been our priority and our promise is that we will be back to serve you, as soon as possible,” say a …

flipkart services suspended | Covid-19: Flipkart temporarily suspends all services, Retail News, ET RetailRead More

Nordstrom suspends dividend, taps credit in midst of coronavirus

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday it is suspending its dividend, halting share buybacks and has drawn down $800 million on its revolving credit facility, in the midst of the coronavirus …

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Macy’s withdraws earnings outlook, suspends dividend amid coronavirus

Macy’s store in New York City. SOPA Images | LightRocket | Getty Images Macy’s said Friday that it has fully drawn its $1.5 billion revolving credit facility, in the midst of the coronavirus pandemic. The department store chain said it did so as a “proactive measure.”  Macy’s has also withdrawn its 2020 sales and earnings outlook, …

Macy’s withdraws earnings outlook, suspends dividend amid coronavirusRead More