Bed bath & beyond inc - extending temporary closure of its retail stores until at least may 2, 2020

Bed bath & beyond provides further response to covid-19.bed bath & beyond inc - company will also temporarily reduce salaries by 30% across executive team, including president and ceo, mark tritton.bed bath & beyond inc - chairman of board and all other independent directors will forgo 30% of their quarterly cash compensation.bed bath & beyond inc - extending temporary closure of its retail stores until at least may 2, 2020.bed bath & beyond inc - temporary closure relates to all retail banners across us and canada, other than its buybuy baby and harmon stores.bed bath & beyond - implement cost reductions, including furlough of majority of associates & portion of corporate associates until atleast may 2.bed bath & beyond inc - corporate associates who have been impacted by today's announcement will be provided with pay and benefits through april 18.bed bath & beyond inc - electing to draw down remaining available funds ($236 million) from its revolving credit agreement.bed bath & beyond inc - deferring approximately $150 million of other planned capital expenditures.bed bath & beyond inc - postponing, until further notice, its plans for share repurchases, dividends and debt reduction.bed bath & beyond inc - ended its fiscal 2019 with approximately $1.4 billion in cash and investments.
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