Best buy says beginning april 19, co is temporarily furloughing about 51,000 domestic hourly store employees

Best buy provides business update related to covid-19.best buy co inc - shift stores to a temporary enhanced curbside service-only model starting march 22.best buy co inc - beginning april 19, company is temporarily furloughing about 51,000 domestic hourly store employees.best buy co inc - also suspended all in-home delivery, installation and repairs.best buy co inc - company is retaining about 82% of its full-time store and field employees on its payroll.best buy co inc - ceo corie barry will forego 50% of her base salary.best buy co inc - members of board of directors will forego 50% of their cash retainer fees through at least september 1, 2020.best buy co inc - company executives reporting directly to ceo will take a 20% reduction in base salary through at least september 1, 2020.best buy co inc - lowering merchandise receipts to match demand with a focus on essential items.best buy co inc - extending payment terms in partnership with key merchandising vendors.best buy co inc - suspending 401(k) company matching program.best buy co inc - sales for 9-week period ended april 4, 2020, declined approximately 5% on a year-over-year basis.best buy co inc - in eight-day period ended march 20, 2020, sales grew about 25%.best buy co inc - company's quarter-to-date sales through march 20, 2020, grew approximately 4% and were ahead of original expectations.best buy co inc - at that time, suspended all in-home delivery, installation and repairs.
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