HBC Cuts Jobs Across Businesses

Retail

In a cost-saving move Hudson's Bay Company is eliminating 2,000 jobs, that are expected to save the company $350 million dollars. Saks Fifth Avenue, Lord&Taylor and Gilt are affected with senior-level management positions eliminated, layoffs and demotions.

The jobs cuts are part of HBC's "Transformation Plan". TCC wonders if HBC's transformation plan is part of a larger strategy that will allow the company to acquire Neiman Marcus or if it's an indicator that the purchase is off the table. 

Comments

Popular posts from this blog

The Week That Was

FALL BALL BACK NEVER FELT SO GOOD