To save cash, JD Sports Fashion is suspending its annual dividend as all its stores in the U.K., the rest of Europe and the U.S. are now closed because of the coronavirus crisis. The U.K.-based retailer’s executive chairman, Peter Cowgill, is taking a pay cut of 75 percent, while members of the board and senior executive are reducing their compensation by 25 percent or more. The company, which is controlled by Pentland Group, is also deferring the payment of bonuses and other incentives for the financial year ended on Feb. 1. It is further delaying the publication of its annual results to July 7. They had been previously postponed to May. The company said it would reconsider bonuses and incentives at some point after its stores have re-opened and resume dividends when conditions allow it.

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