Buckle Inc. (BKE) said Tuesday that it would keep its stores closed until further notice. As a result, the apparel retailer will furlough most of its store associates and corporate workers starting April 5. Furloughed staff will continue to receive benefits. Those who continue to work will do so with pay reductions. Buckle's Chief Executive Dennis Nelson will forego his salary until operations resume, and the company's board has chosen to forego their retainers for the current quarter. Buckle stock is down 20% for the past year while the S&P 500 index has fallen 7.3% for the period.
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 31, 2020 07:13 ET (11:13 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.