- Ross Stores (ROST +4.1%) tells vendors that it's canceling merchandise purchase orders through June 18 due to the impact of the pandemic on its business.
- "This is the first time in our history that we are unable to deliver exceptional merchandise to our customers," states a memo seen by Reuters.
- The discount store operator said it would also extend payment terms on all existing merchandise payables by 90 days.
- Adidas (OTCQX:ADDYY), Skechers (NYSE:SKX) and Ralph Lauren (NYSE:RL) are just a few of the brands with items sold at Ross stores.