“This is a difficult reality of the restructuring process, and we are committed to treating associates impacted by these changes with respect and support,” Tiffany Bourré, spokesperson for HBC, told the Globe.
Corporate layoffs follow bonus announcements
While corporate layoffs are underway, store employees are being retained to manage clearance events. Both physical stores and the company’s e-commerce platform remain operational. As of late March, liquidation sales had commenced in 73 of the Bay’s 80 locations, along with two Saks Fifth Avenue and 13 Saks OFF 5TH stores in Canada, which HBC operates under license from Saks Global.
According to court filings, Hudson’s Bay employed approximately 9,364…
