Hudson’s Bay Co.: Owner of Saks, Lord and Taylor Cutting 2,000 American Jobs

Owner of Saks, Lord and Taylor Cutting 2000 Jobs

By THE ASSOCIATED PRESS

TORONTO — Hudson’s Bay Co., which owns Saks Fifth Avenue, Lord and Taylor and Canada’s Hudson’s Bay, is cutting 2,000 jobs in North America as it shaves costs and tries to adjust to changes in how people shop.

The Toronto-based company says the cuts will save 350 million Canadian dollars ($260 million) annually by the end of 2018..

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