×
317
Fashion Jobs
ON TIME SOLUTIONS
Mnc Plastic Industry is Hiring Production Manager (Plastic)
Permanent · Bengaluru
HALONIX TECHNOLOGIES
Area Sales Manager/Territory Manager - Institutional Sales
Permanent · Dehradun
GOKALDAS EXPORTS
Manager - Warehouse (Apparel / Garment Background)
Permanent · Bengaluru
ADIDAS
Director - Finance fp&a Fsf
Permanent · CHENNAI
ADIDAS
Manager Digital Analytics - Product
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
RJCUBE STAFFING SOLUTIONS
Production Manager - Upholstery (Leather & Fabrics) For Greater Noida
Permanent · Greater Noida
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
Published
Feb 2, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hudson's Bay lays off workers, plans Saks.com IPO

Published
Feb 2, 2021

Hudson's Bay Company is permanently laying off workers across Canada, as it attempts to keep up with ongoing disruptions caused by the Covid-19 pandemic. 

Hudson's Bay lays off workers; plans Saks.com IPO. - Facebook: Saks Fifth Avenue


It will lay off more than 600 workers, which represents about five percent of the company's total workforce. Hudson's Bay has suffered from forced store closures during much of the last year, and currently about half the company's department stores are still temporarily closed. 

Still, the legacy retailer has a star contender as it is reportedly working to spin off Saks.com into a public company. The plan is to separate Saks.com from the Saks brick-and-mortar stores, creating two different entities under one exclusive agreement. 

According to WWD, Hudson’s Bay is currently in discussion with investors to do a private placement, which could lead to an IPO in as little as 12 months. 

Most recently, Saks.com received a facelift with updates including a redesigned new arrivals section and a larger focus on its menswear categories. 

Many retailers have been part of the IPO race over the last few years. Just last month, German online luxury retailer Mytheresa was valued at $2.2 billion in its initial public offering in New York. 

Similarly to Saks, Mytheresa offers ready-to-wear, shoes, bags and accessories for women, men and kids -- from luxury designer brands such as Bottega Veneta, Burberry, Dolce & Gabbana, Fendi, Gucci, Moncler, Prada, and Saint Laurent, to name a few. 

Likewise, Poshmark shares more than doubled in the retailer's public debut equally launched earlier this year, while its resale competitor ThredUp revealed back in October that it had also filed confidentially for an initial public offering.

Unlike fellow long-established department stores like J.C. Penney and Neiman Marcus, Hudson’s Bay has managed to stay clear of bankruptcy amid the Covid-19 pandemic.

Copyright © 2023 FashionNetwork.com All rights reserved.