Myer to temporarily close all stores and stands down staff

Myer is set to close all of its stores for four weeks and stand down 10,000 employees.

Myer Holdings said on Friday it would close doors in a bid to stop the spread of COVID-19.

Staff won’t be paid during this period.

The company's executive members have also opted not to receive any remuneration during this period, the company said in a statement.

Myer in Melbourne's Bourke Street Mall will be one many to shut its doors. Source: Getty Images

“We are open and committed to serving you more safely and securely than ever and we are taking every possible measure to ensure safety across stores. Our dedicated and experienced team are closely monitoring the latest advice from the Australian Government Department of Health and the World Health Organisation and reviewing our approach as the situation continues to evolve,” a statement on Myer’s website reads.

“In the meantime, we are doing whatever we can to help make things a little better for all Australians during this time. Because we are your one-stop store, we are one community, and we are here for everyone.”

Retail stores have been allowed to continue trading, albeit as long as customers follow social distancing measures as of the restrictions Prime Minister Scott Morrison announced on Tuesday night.

The virus has also led to the closure of gyms and a number of Australia’s most iconic and popular venues.

The NRL, AFL, Super Rugby and both domestic and international sporting competitions are on hold or cancelled due to the outbreak too.

As of Friday night, more than 3000 Australians are confirmed to have COVID-19.

with Reuters

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