Premier Investments (ASX:PMV) to keep stores closed for two more weeks

Company News

by Rachael Jones

Premier Investments (ASX:PMV) says all its stores will remain closed until May 11 after having no choice but to close them on 22nd April due to the coronavirus pandemic.

The company said its decision was consistent with the government's message that the population should only leave the house when it is absolutely necessary.

They say whilst their seven brands do sell much loved discretionary products, it is irrefutable that we are not an essential retailer.

They say all brands are currently trading strongly online in Australia.

Shares in Premier Investments (ASX:PMV) are trading 1.8 per cent lower at $12.95.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.