March 27 (Reuters) - Myer Holdings Ltd (MYR) : MYER HOLDINGS...

March 27 (Reuters) - Myer Holdings Ltd (MYR) :

• MYER HOLDINGS LTD - MYER WILL TEMPORARILY CLOSE ALL STORES FROM CLOSE OF BUSINESS ON SUNDAY FOR AN INITIAL PERIOD OF FOUR WEEKS UNTIL 27 APRIL
• MYER HOLDINGS LTD- REDUCED THRESHOLD FOR FREE DELIVERY TO $49 PER ORDER AND HAS RELAXED RETURNS POLICY
• MYER HOLDINGS LTD - WILL CONTINUE TO OPERATE ALL ONLINE BUSINESSES
• MYER HOLDINGS LTD - WILL CONTINUE TO OPERATE ALL ONLINE BUSINESSES
• MYER - MADE DECISION TO STAND DOWN ABOUT 10,000 TEAM MEMBERS ACROSS STORE NETWORK AND STORE SUPPORT OFFICE, FROM MONDAY 30 MARCH 2020
• MYER HOLDINGS - BOARD, CEO & MANAGING DIRECTOR, ALONG WITH ALL OF EXECUTIVE TEAM MEMBERS, HAVE OPTED TO NOT RECEIVE ANY REMUNERATION DURING PERIOD
• MYER HOLDINGS LTD - GROUP OF BUSINESS-CRITICAL ROLES WILL OPERATE ON AN EQUIVALENT OF 80% OF THEIR NORMAL SALARIES AND CONTRACTED HOURS
• MYER HOLDINGS - SMALL GROUP OF BUSINESS-CRITICAL ROLES TO BE MAINTAINED TO UNDERTAKE ESSENTIAL WORK DURING PERIOD & SUPPORT ONLINE BUSINESSES
• MYER HOLDINGS - TAKING NECESSARY MEASURES TO MINIMISE COST BASE, INCLUDING ENGAGING IN ONGOING TALKS WITH SUPPLIERS & LANDLORDS