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Coronavirus Update

March 18, 2020

March 18, 2020

Dear Friends,
I hope this letter finds you healthy and safe in the most uncertain time of our lives.  While Econoco has survived business-threatening interruptions over our 95 years including wars, natural disasters, stock market crash of 1987, 9/11, Great Recession of 2008, the Coronavirus pandemic is unprecedented.

The health and well-being of our customers and our employees is the single most important factor for us right now.  Econoco has already put in place measures that not only ensure the safety of our staff but the continuation of the business under tremendously stressful conditions.

Luckily, Econoco is in a position of superior financial strength which will allow us to negotiate the worst of times.   Having a history of planning ahead, we have always maintained the ability for our administrative staff to work remotely.   As of today, we are having half our staff work from home on a rotating basis.   Everyone at Econoco has the necessary technology to provide 100% of our benefits and services while we get through this crisis together.

Our staff at our Pennsylvania distribution center is diligently working to provide you with the service you have come to expect.   We are staggering our work force as to follow social distancing guidelines and minimize any close contact among employees.   Our in-stock inventories are the largest among store fixture and display vendors in the U.S. and we continue to turn around orders within 24 hours.

Our factories in China have nearly returned to 100% production capacity and all in-house projects are being closely monitored.  We have maintained constant communication with our factory personnel and we are grateful to hear of their recovery.  Their experience comforts us in knowing that this too shall pass.

Thank you to our staff and our loyal customer base who we will continue to serve diligently as we negotiate this unprecedented global crisis.

Our best wishes for the health and safety of you, your families and co-workers.

Barry Rosenberg
CEO
Econoco Corporation