Lovisa has announced a series of temporary store closures, as it battles the impact of COVID-19.
All locations in France and Spain have been closed since March 14, in line with government mandates.
Stores operating in Malaysia have been closed since March 18, with a further 25 stores set to temporarily shut across the US.
The accessories chain, which operates 449 stores globally, has reported a decline in sales and foot traffic in existing locations.
Instead, the company is focused on cash flow and managing the cost of doing business.
The company is supported by a strong balance sheet, having brought in net cash of $12.6 million at December 2019 into the second half of fiscal 2020.
Lovisa has also reported a normalisation in its China production capacity.
Despite this, it is experiencing freight delays out of China and uncertainty around supplier delivery times.
Lovisa has advised it is not in a position to reliably estimate the financial impact of these events in coming months.