Bombay Co announces closing of three stores due to Hurricane
13 Sep '05
2 min read
Home accessories marketer The Bombay Company Inc reported that a total of three stores in New Orleans remain closed due to Hurricane Katrina. An additional eight stores in Alabama, Louisiana and Mississippi sustained minor damage and/or temporary power loss and have since reopened. Eight stores in Florida were closed for a short period of time, but did not incur significant damage. Since August 25 and through September 12, the Company has lost 93 store selling days across all affected stores, or 1.0% of total chain store selling days.
The Company will be assessing insurance claims related to all affected stores over the next several weeks. Bombay's insurance covers its physical property as well as loss of income due to business interruption. Bombay has made exceptions to its pay policies for this disaster and has provided continued employment opportunities for several associates in stores outside of the affected areas.
In addition, the Company and its employees are actively supporting relief agencies that are responding to this crisis with contributions of cash and other essential items.
Texas based The Bombay Company Inc designs, sources and markets a unique line of home accessories, wall decor and furniture through 495 retail outlets, specialty catalogs and the Internet in the U.S. and internationally.
It offers furnishings with elegant designs, warm colors and luxurious textures. Your home becomes more welcoming and inviting with furniture and home décor pieces that reflect your personal style.
marketing@alchempro.com
