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Hudson's Bay Company Cuts 1,000 Canadian Jobs
HBC will eliminate 1,000 Canadian jobs, or about 5% of its workforce, in an effort to restructure and survive the dour retail market which has affected retailers around the world. Major store closures and...
created by Terri Potratz | 46 wks ago | updated 44 wks ago
708 views | 19 recommendations | 6 comments
708 views | 19 recommendations | 6 comments
H&M promises more Organic Cotton Content in their stores
Clothing giant H&M has been using organic cotton in their clothes since 2004, but this year the company plans to use 50 percent more organic cotton than they did last year. Last year they used about 3,000 tonnes... Shop Direct to Relaunch Woolworths
Shop Direct has purchased the recently collapsed Woolworths, and will relaunch the British retailer as an online brand. Woolworths was forced to close all 800 of their stores in December after going into...
created by Terri Potratz | 46 wks ago | updated 46 wks ago
400 views | 3 recommendations | 2 comments
400 views | 3 recommendations | 2 comments
Macy’s Consolidation Results in Layoffs of 7,000
A press release from Macy's today outlined a consolidation plan which call for 7,000 employee layoffs. About 40% of this figure represents an the elimination of executive positions, with the remainder of the...
created by Terri Potratz | 46 wks ago | updated 46 wks ago
1476 views | 16 recommendations | 8 comments
1476 views | 16 recommendations | 8 comments
Searle Files for Bankruptcy
Another US retailer has filed for bankruptcy, indicating that store closings may soon follow for Searle. The womenswear manufacturer and retailer is based out of New York, with 7 operating stores selling...
created by Terri Potratz | 49 wks ago | updated 49 wks ago
379 views | 0 recommendations | 0 comments
379 views | 0 recommendations | 0 comments
Goody's Family Clothing Goes Out of Business
Goody's Family Clothing will liquidate next week, despite months of attempts to keep the US retail chain alive. "The retailer filed for bankruptcy protection on June 9, saying it had been hurt by high gasoline and food prices that had forced consumers to cut back on... Woolworths closure sale to start
Woolworths are starting their closing down sales across the UK in all its 815 outlets."In what looks like the beginning of the end for the retailer, its administrator Deloitte has said that some shops could close... Saks Fifth Ave on 70% Discount
The economy crisis terrorized the Wall Street at first when share prices dropped to the figure below negatives for some even stopped existing all together and the government came up with the slogan " They got...
created by happybrunette23 | 1 year ago | updated 1 year ago
1495 views | 38 recommendations | 9 comments
1495 views | 38 recommendations | 9 comments
