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REI extends closures; Sears announces closures, furloughs

REI will keep its 162 stores closed and many of its 14,000 employees furloughed for 90 days during the pandemic, as senior executives take a pay cut and the CEO and board forego their salaries for six months. Sears has closed its stores and furloughed store and corporate office employees at least through the end of the month.

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