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More major retailers furlough employees, withhold rent

The retail bloodbath continued Tuesday as more major chain retailers said they would furlough employees, suspend rent and institute executive-level pay cuts to get through the coronavirus crisis. The parent company of Urban Outfitters, for instance, said in a Securities and Exchange Commission filing that it was furloughing a “substantial number of store, wholesale and home office employees” for two months while continuing to provide benefits. “This is the first time in our 50-year history

The Real Deal New York

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