Canadian retailer Hudson’s Bay Company (HBC) plans to eliminate about 2,000 jobs in North America, flattening the management levels at Saks Fifth Avenue, Lord & Taylor and Gilt. Once fully implemented by 2018, the layoffs are supposed to save $350 million per year. The announcement came with HBC’s Q1 earnings release, which showed a 3% sales decrease to $3.2 billion and a net loss of 221 million.
Hudson´s Bay Company
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from CPP-LUXURY http://www.cpp-luxury.com/hudsons-bay-company-cuts-2-000-jobs/?utm_source=rss&utm_medium=rss&utm_campaign=hudsons-bay-company-cuts-2-000-jobs
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