09:34:58 EDT Fri 14 Aug 2020
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Cineplex Inc
Symbol CGX
Shares Issued 63,333,238
Close 2020-03-16 C$ 9.33
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Globe says Cineplex, Lululemon keep their doors closed

2020-03-17 08:55 ET - In the News

Also In the News (U-LULU) Lululemon athletica Inc

The Globe and Mail reports in its Tuesday, March 17, edition that businesses across the country are scaling back or even shutting down as consumers and their own workers retreat into their homes to blunt the public-health threat posed by the novel coronavirus. The Globe's Patrick Brethour and Susan Krashinsky Robertson write that the retail sector has been hit hardest by the economic consequences of the virus. Many cinema chains remained open during the weekend, while implementing social-distancing procedures, such as restricting the number of people permitted into each screening. On Monday evening, however, Cineplex announced that it would be closing all of its 165 movie theatres, as well as entertainment venues such as The Rec Room and Playdium, and would reassess whether to open again on April 2. Some major brands are committing to continuing to pay at least some of their staff's wages. Canadian apparel retailer Lululemon Athletica started shutting down stores on Monday in North America and Europe until at least March 27. It had 391 locations in total in those regions, according to the most recent numbers reported by the company.

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