Fashion

Tiffany & Co. And Hudson’s Bay Co., Neiman Marcus Group Closed North American Stores

By Donovan | March 17, 2020 0 Comments

NEW YORK, UNITED STATES — Tiffany & Co., which was acquired last November 2019 by LVMH Moet Hennessy Louis Vuitton (see it here), late Tuesday joined the long list of of brands shuttering their North American stores in response to the coronavirus crisis.

In a statement, the company said it will close its stores in the U.S. and Canada until at least the end of the month, after which the situation will be reassessed. Tiffany staff will be paid during that closure period.

“Love and optimism have always been at the heart of Tiffany & Co. During these uncertain times, the well-being of our beloved teams, clients and their families is at the forefront of our minds. As COVID-19 continues to affect our communities, we have decided to temporarily close all Tiffany stores in the U.S. and Canada as well as many other locations globally, effective immediately. These stores will remain closed through the end of the month, at which time we will reassess. Our employees will be compensated during this period and will have access to additional resources. For 183 years, Tiffany & Co. has cherished our clients and our commitment is unwavering,” the company said.

Hudson’s Bay Co. and the Neiman Marcus Group have decided to temporarily close all of their stores, joining the rapidly increasing list of retailers responding to the coronavirus pandemic through closures this week.

“As this COVID-19 pandemic continues to accelerate throughout the U.S., we have made the decision to temporarily close all Neiman Marcus, Bergdorf Goodman, and Last Call stores, effective tonight,” said Neiman Marcus Group chief executive officer Geoffroy Van Raemdonck on Tuesday evening. “These stores will remain closed for the next two weeks, with the potential to be extended pending future evaluation of the situation. We will provide pay and benefits to store associates affected by store closures for this two-week period.”

Hudson’s Bay said that all of its Saks Fifth Avenue, Saks Off 5th and Hudson’s Bay stores in the U.S. and Canada will shut down temporarily, effective Wednesday, March 18. The company expects the stores to remain closed for two weeks, unless otherwise instructed by government or public health officials, and will reassess operations at that time. All associates will be paid for their scheduled hours during the two-week period. “As the situation evolves, we will continue to evaluate all pay and benefits,” the company said.

“The well-being of our associates and customers is always of utmost importance, and we are committed to making thoughtful decisions to support our communities and our business,” said Marc Metrick, president, Saks Fifth Avenue.

The NMG and HBC executives underscored that all dot-com operations will continue to conduct business, and that the health of associates and shoppers were their primary concern.

“The health and well-being of our associates, customers and communities is our top priority, and remains at the forefront as we make decisions in this rapidly evolving situation” said Iain Nairn, president, Hudson’s Bay. “This is the right thing to do as we all work together to stay healthy and limit the spread of the virus. We are working through local and curbside pickup solutions for customers who have placed buy online, pick up in store orders, as well as those who have ordered major home fashions, and remain committed to getting our customers their orders as quickly as possible.”

“While our stores are temporarily closed, we will be digitally serving our customers,” Van Raemdonck said. “All our associates are accessible via mobile, text, the Neiman Marcus and Bergdorf Goodman apps, and our web sites.”

PLEASE SEE BELOW FOR OUR LATEST CANCELED EVENTS AND STORES CLOSING DUE TO THE WORLDWIDE SPREAD OF THE CORONAVIRIS:

Macy’s Inc. and Swedish fast fashion clothing company H & M Hennes & Mauritz AB (H&M) has been added to the long list of retailers closing and events being either canceled or postponed due to the worldwide spread of the coronavirus (see it here).

Today Tuesday March 17, we officially reported that Chanel has decided to cancel its cruise show, due to take place on May 7, to ensure the well-being of its guests and teams during the current coronavirus outbreak (see it here).

Due to the worldwide spread of the coronavirus, Bergdorf Goodman and the Neiman Marcus store in Hudson Yards closed today, joining the rapidly growing list of coronavirus-related store closings around the country (see it here).

Yesterday Monday March 16, Nordstrom said it was closing all of its full-line department stores, Rack stores, Jeffrey and Trunk Club locations in the U.S. and Canada for two weeks starting March 17, and Saks Fifth Avenue said it was closing its Manhattan flagship and its store in Bala Cynwyd outside Philadelphia for up to two weeks.

Abercrombie & Fitch, J. Crew, Madewell, Vince, Lands’ End, Footlocker and Vineyard Vines are among the specialty chains that have announced mass temporary closings due to the coronavirus.

On Monday, DM Fashion Book announced that due to the worldwide spread of the coronavirus, Chanel has decided to postpone its replica show of the Paris — 31 Rue Cambon2019/20 Métiers d’art collection, which was due to take place in London on June 4 (see it here) and Dior has postponed indefinitely their upcoming cruise show. The show was due to take place in Italy on May 9 (see it here).

On March 16, we also announced that Met Gala joined the long list of events being postponed amid coronavirus fears including Prada (see it here) and Hermès (see it here).

STAY TUNED TO DM FASHION BOOK AS WE UPDATE STORIES CONSTANTLY !

Photos Credit: Yana Paskova/Getty Images