Duluth holdings provides business update related to covid-19

Duluth holdings provides business update related to covid-19.duluth holdings inc - ceo steve schlecht will waive all cash compensation for balance of fiscal 2020.duluth holdings inc - six-month pay reduction for senior leadership ranging from 10 to 20 percent.duluth holdings inc - board of directors will forego cash retainers for second and third quarters.duluth holdings inc - furloughs of varying lengths with benefits intact for 68% of salaried staff.duluth holdings inc - permanent 10 percent reduction in corporate staff.duluth holdings inc - plans to open four stores in fiscal year 2020, reducing its previously disclosed plan by one store.duluth holdings - liquidity position as of april 10, 2020 is $85 million outstanding on its $130 million line of credit and $13 million in cash balance.
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