The retailer said the initiative will create a stronger platform for overseas procurement and generate “significant” operational cost savings.
The notice comes roughly five months after the brand said its former independent auditor PricewaterhouseCoopers declined to be re-appointed.
Retailers are facing pressure to maintain sales volumes as the boosts they received from the pandemic and inflation fade, experts say.
Legislators aiming to help retailers curb theft and reduce shrink
The seasonal savings continue at The Home Depot.
The grocer will use a third-party partner to deliver orders while its team members continue to “shop” for customers’ goods.
Punch Bowl Social has made three acquisitions as part of its new multi-brand strategy.
This round of cuts include C-suite executives and brings the total affected to nearly 700 since the company was acquired by Authentic Brands Group.
Man says he did so in self-defense
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