Coronavirus News: JC Penney Closes, Home Depot, Best Buy Change Hours, More Store Updates

A number of retailers have closed their doors or adjusted their store hours to help prevent the spread of the coronavirus.

JC Penney (JCP) announced that it was closing all of its stores effective Wednesday at 7 p.m. local time through April 2. The retailer is also closing its business offices during this time. JC Penney said it will continue to monitor the coronavirus situation and follow guidances set by the Centers for Disease Control and Prevention (CDC) and local state, and federal health officials.

“With the effects of the outbreak being felt more each day, our primary concern and area of focus is and has been on the health and safety of our associates, our customers, and our communities,” Jill Soltau, CEO at JC Penney, said in a statement. “We know this is a critical, unprecedented time and our thoughts are with those who have been impacted.”

Best Buy (BBY) announced that it was making changes to its hours in light of the coronavirus pandemic. The tech retailer said beginning this week, it would be shortening its store hours. Starting on March 23, it will also only allow a limited number of customers in the store at one time to practice social distancing.

The company continues to offer curbside service and will allow any employees that aren’t comfortable to stop working. Affected employees will be paid for their regular scheduled hours.

Kohl’s (KSS) has adjusted its store hours because of COVID-19 to 11 a.m. to 7 p.m. daily. The company said most stores are adhering to the hours but suggested that customers check with their local stores for exact schedules. The retailer’s online store and app are still operating for in-store pickup or ship-to-home orders.

“We will always put our customers and associates first, and that commitment has never been more important. Our team is working hard to maintain a clean shopping environment to promote the health and safety of all who depend on us. We will continue to serve you and your families everyday.” Michelle Gass, CEO at Kohl’s said in a statement.

Home improvement retailer Home Depot (HD) also announced schedule changes at its stores during the coronavirus pandemic. Starting on Thursday, the company is closing daily at 6 p.m. Its opening hours will remain the same.

Home Depot said it is committed to keeping stores open during times of crisis and natural disasters as homeowners depend on its products during these times. The new hours will allow Home Depot staff to restock shelves and clean stores, the company said.

Shares of JC Penney stock were up 8.16% as of 10:58 a.m. EDT on Thursday while shares of Kohl's stock were up 5.77% at the same time. Shares of Best Buy stock were down 0.52% and shares of Home Depot stock were also down 3.03% at the same time.