Ross Stores in a letter to vendors on Thursday said it would cancel all merchandise purchase orders through June 18 as a result of the impact of the coronavirus on sales.
“This is the first time in our history that we are unable to deliver exceptional merchandise to our customers,” the letter read, according to Reuters.
Ross Stores said it would also extend payment terms on all existing merchandise payables by 90 days.
Last week, Ross Stores announced it would temporarily close all its locations from March 20 through April 3.
Photo courtesy Ross Stores/Business Insider