March 30 (Reuters) - Nick Scali Ltd NCK.AX :
* TO TEMPORARILY SHUT ALL STORES FROM CLOSE OF BUSINESS ON MONDAY 30 MARCH, FOR INITIAL PERIOD UNTIL FRIDAY 1 MAY
* TO REMAIN FOCUSED ON DELIVERY OF EXISTING SALES ORDERS, WHICH WILL CONTINUE TO GENERATE REVENUE FOR BUSINESS OVER COMING MONTHS
* DECIDES TO STAND DOWN MAJORITY OF ITS RETAIL TEAM MEMBERS ACROSS STORE NETWORK AND SUPPORT STAFF FROM CLOSE OF BUSINESS MONDAY 30 MARCH
* AS PART OF COST-CUTTING DUE TO COVID-19 SITUATION, DELAYING STORE ROLL-OUT AND DISCRETIONARY CAPEX IN FY20
* REDUCING MARKETING EXPENSES IN LINE WITH TRADING AS PART OF COST-CUTTING
* ENGAGING WITH LANDLORDS IN RESPECT OF RENT RELIEF