License Global
March 29, 2019
Less than 50 jobs were slashed at store locations, and about 100 positions were eliminated at the retailer’s Christmas Tree shops, reports CNBC. Employees who were affected were largely part of the field support team, which helps staff stores. The retailer had faced declining same-store sales for seven consecutive quarters and has cut back on newer store openings.
“We were able to reassign many of those impacted by this realignment to other available store and corporate roles, but ultimately we had to reduce our headcount,” a spokesperson for the company said in a statement, according to CNBC. “This decision was a difficult but necessary step, and we are committed to treating all associates across the organization fairly and with respect.”
CNBC reports that the company plans to replatform its website, focus on data-driven personalized marketing, improve its merchandise and develop a better operating structure.
Read more about:
Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes, it’s completely free.
You May Also Like
Loading..
Report
Loading..
