Canadian department store Hudson’s Bay is downsizing as part of an organizational “re-alignment” driven by the challenged retail environment in the country, a spokesperson confirmed by email. The layoffs impact “less than 1% of our workforce,” the spokesperson said.
“The retail sector in Canada continues to experience pressures, and we are right-sizing our organization to ensure the long-term success of our business,” the spokesperson also said. “While necessary, these are difficult decisions and we are committed to fairness and respect as we support our associates impacted by these changes.”
The reorganization affects the retailer as a whole, which as of 2022 is once again operating both e-commerce and physical stores as one entity, the spokesperson said.
Source: Retail Dive