Gap Inc., Macy's Inc, and Kohl's will furlough a majority of their employees this week, as the coronavirus pandemic continues to close hundreds of stores around the world.
The retailers have extended the duration of their temporary store closures, as part of efforts to reduce the spread of COVID-19.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.