Hudson’s Bay closures to cause job losses well beyond the retailer [Globe and Mail, The (Toronto, Canada)]
Estee Lauder Companies, Inc. (The) (EL)
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Source: Globe and Mail, The
A Hudson's Bay store in Hamilton, Ont., on March 20. Katherine KY Cheng/Getty Images Log in or create a free account to listen to this article. When Hudson’s Bay closes the vast majority of its stores in June, the job losses will extend beyond the storied retailer’s own work force. 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, jewellery 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. Sh
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