Friday, June 9, 2017

Department store giant announces big job cuts as part of major restructuring

Hudson's Bay Co., whose banners include Saks Fifth Avenue and Lord & Taylor, has lowered the ax.
The retailer has made good on a plan, announced in February 2017, to reduce expenses by "rationalizing" its corporate functions and overhead across North America." On Thursday, Hudson's Bay announced a "transformation plan" that includes cutting approximately 2,000 positions as it looks to "flatten the organization by removing layers to make HBC more nimble and streamline the decision making process." . . . more

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