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JCPENNEY
Cleaning Worker
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CORPORATE, PVH
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PVH
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AESOP
Brand Marketing Manager, Asia
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SHISEIDO
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SHISEIDO
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Permanent · Hong Kong
SHISEIDO
Manager - Marketing (Digital Performance & Ecommerce), Nars
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PUMA
Manager Fabric Development Apparel
Permanent · Hong Kong
SHISEIDO
Senior Manager - Sales And Operations, Shiseido And Drunk Elephant
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PVH
Vice President, Brand & Shopper Experience, Tommy Hilfiger Asia Pacific
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PVH
Visual Merchandising Manager, Hong Kong & Macau
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PVH
Manager, Merchandising, Tommy Hilfiger, Asia Pacific
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L'OREAL GROUP
CRM Manager
Permanent · HONG KONG
SHISEIDO
Senior Manager - Marketing, Shiseido And Drunk Elephant
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PUMA
Garment Technician
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AESOP
Retail Consultant | Hong Kong And Macau
Permanent · Central
L'OREAL GROUP
Kerastase - 美容顧問 / 資深美容顧問 (Brand Ambassador / Senior Brand Ambassador)
Permanent · Hong Kong
LOVISA
Assistant Store Manager
Permanent · YUEN LONG
UNDER ARMOUR
Senior Costing Analyst
Permanent · HONG KONG
LULULEMON
Assistant Manager | Hong Kong Citygate Outlet
Permanent · Hong Kong
COTY
Beauty Advisor
Permanent · Hong Kong
By
Reuters
Published
Mar 19, 2020
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TJX draws down $1 billion from credit line, suspends share buybacks

By
Reuters
Published
Mar 19, 2020

Discount store operator TJX Cos Inc said on Thursday it was drawing down $1 billion from its existing credit line and suspending its share buyback program to maintain liquidity in a difficult period brought on by the coronavirus pandemic.




All stores in the United States, Canada, Europe and Australia will be closed for two weeks and websites shut down, the company said.

Smaller rivals Ross Stores Inc and Burlington Stores Inc also suspended their buyback programs on Thursday, with Ross saying it would draw down $800 million from its existing credit line.

All three companies ditched their full-year forecasts as the fast spreading virus sends the U.S. retail industry spiraling.

Retail outlets, restaurants, theaters and other places which usually draw crowds have shut their doors in recent days to help stop the infection from spreading.

TJX said it was evaluating its dividend program and reviewing all operating and capital expenditures, as companies around the globe hoard cash on the growing prospect of a global economic downturn.

A retail industry group on Wednesday asked the White House for a direct, government-backed loan program to help pay workers’ salaries, rents and repay loans.

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