Hudson's Bay closures to cause job losses well beyond the retailer [BNN Bloomberg (Canada)]
Estee Lauder Companies, Inc. (The) (EL)
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am
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Source: BNN Bloomberg
Canadians working for salons, spas and other service providers located within the Bay and its sister stores Saks Fifth Avenue and Saks Off Fifth stand to lose their jobs, along with staff hired directly by some brands to preside over beauty counters, jewelry departments or fashion boutiques throughout the stores. People whose companies sell merchandise to the Bay and are thus losing one of their key revenue streams, could also wind up on the chopping block with the retailers' 9,364 workers. “As bad as it is (because of) the direct hit with the Bay employees, the implications go far wider than that,” said Lanita Layton, a luxury and retail consultant who was once a vice-president at Holt Renfrew. She and others in the retail industry foresee a significant blow to the country's job market when 74 Bay, two Saks Fifth Avenue and 13 Saks Off Fifth stores shutter in June, following months of liquidation sales. The current wind-down plan has left six properties alive but looking for a
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EL
Earnings
- 10/30/25 - Beat
EL
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- EL's page on the SEC website