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Hudson's Bay to lay off over 8,300 workers and close stores, shifting focus to e-commerce.
Hudson's Bay, a major retail company owning brands like Saks Fifth Avenue, will lay off over 8,300 workers and close multiple stores by June 1st.
The layoffs and store closures are due to financial challenges, including the impact of the COVID-19 pandemic and increased competition from online retailers.
The company plans to focus on its e-commerce business going forward.
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Hudson's Bay despedirá a más de 8.300 trabajadores y cerrará tiendas, cambiando el enfoque al comercio electrónico.