Retailers have been largely facing the brunt of the alarming spread of coronavirus. In response to the pandemic, they have taken measures like closing stores or trimming job hours or permitting employees to work remotely. Recently, Tilly's, Inc. TLYS announced additional measures in view of the uncertainty surrounding the outbreak.Apart from shuttering 239 outlets in the United States effective Mar 18, the company has borrowed roughly $23.7 million under its credit facility at an interest rate of 1.7% per year. It also shut down the distribution center in Irvine, CA, and furloughed most of its associates. Meanwhile, the distribution center’s e-commerce will continue to function. Furthermore, management has recognized additional cost reductions for fiscal 2020.As of Mar 27, Tilly's had cash and investments of about $122.4 million, including the borrowed amount under the credit facility. Moreover, the company cannot ascertain when its stores will reopen. Meanwhile, this Zacks Rank #3 (Hold) company is focused on managing inventories. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Tilly's board of directors and management executives have also taken steps to deal with such unprecedented times. The company’s president and chief executive officer has chosen to forgo salary for April. Also, its executive chairman has sacrificed his salary. Moreover, its management team members will have a temporary pay cut immediately, depending on a graduated scale as per annual salary. Also, the board members have chosen to forgo their cash retainer fees. All the aforesaid actions are taken to curb expenditure in such tough times.Apart from closing down stores, retailers are withdrawing their guidance as they are unable to ascertain the possible impact on costs and revenues. Naming a few, Abercrombie & Fitch ANF and Nordstrom JWN withdrew their initial outlook. Moreover, Macy's M has decided to suspend its second-quarter fiscal 2020 dividend.Price PerformanceIn the past three months, shares of Tilly's have plunged 64.7%, compared with the industry’s 44.2% decline.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's, Inc. (M): Free Stock Analysis Report Tilly's, Inc. (TLYS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research