Lovisa (ASX:LOV) temporarily shuts stores in Australia, NZ and South Africa - Sequoia Direct Pty Ltd

26MarMarch 26, 2020

Lovisa (ASX:LOV) temporarily shuts stores in Australia, NZ and South Africa

Jewellery store Lovisa (ASX:LOV) has decided today to temporarily shut stores in Australia, New Zealand and South Africa.

Stores in France, Spain, Malaysia, the USA and UK have all been closed over the course of the past week.

Singapore is the only company owned market currently continuing to trade.

Whilst some governments have provided timing for the current containment measures to end, we are not currently in a position to know when our stores will be able to re-open.

They have implemented a combination of temporary stand-downs and redundancies to ensure teams are appropriately sized to support the temporarily much smaller business during this period.

Dividend payment has been deferred for a period of 6 months.

Shares in Lovisa (ASX:LOV) are trading 9.64 per cent higher at $4.21.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

28AugAugust 28, 2021

Stocks of the Hour: Wesfarmers, Integral Diagnostics & Mayne Pharama

27 Aug2021 - A snapshot of the stocks on the move, featuring Wesfarmers (ASX:WES), Integral Diagnostics (ASX:IDX) & Mayne Pharma (ASX:MYX).

20MayMay 20, 2022

Australian coal on a tear as decoupling from Russia continues

20 May 2022 - A snapshot of the coal stocks on the ASX featuring, Whitehaven Coal (ASX:WHC), Yancoal Australia (ASX:YAN), and Terracom (ASX:TER).

19MarMarch 19, 2021

Telstra (ASX:TLS) to sell Spacetalk (ASX:SPA) Adventurer devices

19 Mar 2021 - Telstra (ASX:TLS) will soon sell Spacetalk (ASX:SPA) Adventurer devices across all its retail stores and online channels in Australia.

11MarMarch 11, 2021

Buddy Technologies (ASX:BUD) set to sell smart switch LIFX in US

11 March 2021 - Cloud based solution company Buddy Technologies (ASX:BUD) is preparing to ship their lee-fix Switch product for the North American market, with a street availability date in June.

20FebFebruary 20, 2020

BINGO Industries (ASX:BIN) net revenue was up 50.7%

20 Feb 2020 - BINGO Industries (ASX:BIN) today announced its half year results for the six months ended 31 December 2019 showing net revenue was up 50.7 per cent to $271.2 million.

17AprApril 17, 2020

Vista Group International (ASX:VGL) completes NZ$25 million placement

17 Apr 2020 - Vista Group International (ASX:VGL) has successfully completed both its NZ$25 million placement and the institutional entitlement offer component of its 1 for 4.37 pro-rata accelerated entitlement offer.

19JunJune 19, 2023

Stocks of the Hour: Lake Resources, Bastion Minerals, Dateline Resources

19 Jun 2023 - A snapshot of the stocks on the move featuring Lake Resources (ASX:LKE), Bastion Minerals (ASX:BMO) and Dateline Resources (ASX:DTR).

04FebFebruary 4, 2020

Stockland (ASX:SGP) Chief Innovation, Marketing and Technology Officer resigns

04 Feb 2020 - Stockland Chief Innovation, Marketing and Technology Officer, Robyn Elliott has annoced her resignation and will leave the company at the end of March.

25JunJune 25, 2020

TPG Telecom (ASX:TPM) allocated Singapore spectrum

25 Jun 2020 - TPG Telecom (ASX:TPM) advises the market that TPG Telecom Pte Ltd (TPG Singapore) has today been allocated 800 MHz of spectrum by the Singapore Infocomm Media Development Authority.

19MayMay 19, 2020

Cochlear (ASX:COH) has rehearing of appeal in the US denied

19 May 2020 - Cochlear (ASX:COH) today announced that the United States Court of Appeals has denied its petition for a rehearing of the appeal in the patent infringement case against them.