Hudson’s Bay has announced the layoff of 41 employees as the company adjusts its structure to navigate ongoing challenges in the retail industry.
Charla Parkinson, a spokesperson for the Toronto-based department store chain, confirmed the job cuts in an email but declined to provide details about the specific roles or locations affected. She attributed the decision to “challenging headwinds” impacting the retail sector.
“While this decision was difficult, it was a necessary step for the company,” Parkinson stated.
This is the latest in a series of workforce reductions by Hudson’s Bay. Last April, the retailer cut about one percent of its workforce, followed by further unspecified layoffs in the summer as part of its preparation to spin off some of its brands into a new entity, Saks Global.
In November, Hudson’s Bay announced it would no longer move forward with plans to open a store in the redeveloped Oakridge Park in Vancouver, signaling a broader reevaluation of its operations and expansion strategy.
The layoffs underscore the ongoing pressures faced by traditional retailers, as Hudson’s Bay grapples with evolving market demands and economic headwinds.