Australia's Myer Holdings to close stores in response to COVID-19

March 27 (Reuters) - Australia's Myer Holdings said on Friday it would temporarily close all stores for four weeks and would stand down 10,000 of its employees who will not be paid during the period, in a bid to restrict the spread of the coronavirus.

The company's executive members have also opted not to receive any remuneration during this period, the company said in a statement. (Reporting by Shreya Mariam Job in Bengaluru; Editing by Edmund Blair)