- The PAS Group (PGR) has announced it has started to re-open the doors of its retail shops across Australia
- In late March, the company was forced to close its stores across Australia and New Zealand, due to COVID-19 restrictions
- PAS will slowly start the re-openings from the end of the month
- However, some of these stores will operate on a reduced hours basis
- In New Zealand, the stores will remain close until the government lifts restrictions
- Currently, PAS can not forecast the financial impacts from COVID-19 as it is unsure when all stores will be operating at normal trading times
- On market close, PAS remains steady and is selling shares for 5.6 cents each
Australian retailer PAS Group (PGR) has started to re-open its doors across Australia.
In late March, the company closed roughly 225 of its physical stores across Australia and New Zealand, due to COVID-19 restrictions.
Since this time, the company has continued to trade online but stood down all retail employees and a large number of support office staff.
PAS has now made the decision to progressively re-open its Australian stores by the end of May. Some of these stores will be operate on a reduced hours basis.
In New Zealand however, the stores will remain close until the New Zealand Government lifts restrictions.
Openings will be different in each store as the company will be following the State and Federal Government restrictions.
“To prioritise the health and safety of customers and employees safe working protocols will be implemented across all stores in compliance with Government
directives,” the company said.
Currently, PAS can not forecast the financial impacts from COVID-19 as it is unsure when all stores will be operating at normal trading times.
On market close, PAS remains steady and is selling shares for 5.6 cents each.