Bass Pro Shops acts to absorb Coronavirus costs
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Senior management at Bass Pro Shops have taken a 20% pay cut as the company, which also owns Cabela’s, absorbs the costs of the Coronavirus pandemic.
It has also been reported that managers at its stores and distribution centres and other salaried members of staff will have their remuneration reduced by seven to 15%. Wages for the group’s hourly workers – said to be 91% of the workforce – remain unchanged, although many have been furloughed or had their hours cut.
Three quarters of its 150 stores across the US are said to be open as retail outlets selling guns are deemed an essential business in some states.
A spokesman for Bass Pro said in a statement issued to Forbes magazine: “Senior managers are taking limited salary reductions across the company. Unfortunately, this is the norm for many businesses and is consistent with our objective to lower costs so that we can get through this as quickly as possible. These measures have also prevented us from making significantly deeper reductions and furloughs.
“Bass Pro’s leadership team is working furiously to try and navigate through the largest health and economic crisis in the nation’s history. We are also trying our best to serve customers and support our team members to the very best of our abilities.”
The company continues to take online orders and its distribution centre in Wheeling, West Virginia, is processing 33,000 items a day – nearly four times the normal amount, according to an employee. Products ordered include fishing poles, GPS units, guns and ammunition.