The Buckle Inc. announced Monday that it will furlough the majority of its employees effective April 5, and will extend the closure of all brick & mortar stores indefinitely.
The company’s online store at buckle.com will remain open. Company management will continue to monitor as additional guidance is issued from the Center for Disease Control along with U.S. and local governments as it develops plans to open stores at a future date.
Given the uncertainty regarding the potential length and severity of the pandemic as well as the potential impact on the company, it has decided to furlough most stores and corporate office employees.
During the furlough period, the company will continue to provide full benefits for participating teammates. All essential teammates who continue working during this period will participate in salary reductions.
Additionally, the company previously announced that both its chairman and its president and CEO elected to forgo their salary until such time as normal business operations resume. Similarly, the company’s board of directors elected to forgo their respective quarterly cash retainers for the current quarter.
Photo courtesy The Buckle