Purple Cuts Jobs and Closes Factories Amid Industry Slowdown
In a challenging market, mattress manufacturer Purple has seen revenue drop 10.9% to $510.5 million in 2023 while facing...
layoffs
REI Layoffs: Evolving Business Strategy and Challenges in the Outdoor Industry
In a recent reorganization, outdoor retailer REI laid off seven employees from its experiences division due to an evolving...
Wayfair UK Profit Dips Despite Mass Layoffs
In a recent financial report, Wayfair UK revealed a decline in profits from £2.7m to £2.6m despite cutting its...
Saks Global Confirms Layoffs Amid Acquisition of Rival Neiman Marcus Group
Saks Fifth Avenue's parent company, HBC, is acquiring Neiman Marcus Group for $2.65 billion and creating Saks Global, combining...
Canada Goose Appoints New Chief Digital and Information Officer Amidst Company Changes
Canada Goose hires new Chief Digital and Information Officer Alfredo Tan as it reshapes its leadership team following recent...
Express Bankruptcy Leads to Layoffs and Store Closures
Express, a retailer facing lower demand, files for Chapter 11 bankruptcy and plans to close nearly 100 stores, leading...
Away Luggage Expands into Softside Market Amid Pandemic Challenges
In the face of new technology advancements, digital transformation is no longer optional for progressive CFOs. Away, known for...
The Weekly Closeout: Kleinfeld Bridal Resale Marketplace, Amazon’s Packaging Change, and More
Lead: From Kleinfeld Bridal's new online resale marketplace for pre-loved gowns to Amazon's move to eliminate plastic air pillows,...
Care/of Shuts Down Due to Funding Loss
In a shocking turn of events, vitamin and supplement subscription service Care/of has announced its closure due to funding...
Dollar Tree Confirms Layoffs and Store Closures Amid Struggles with Family Dollar Business
Dollar Tree is laying off 50 employees at its corporate office in Chesapeake, Virginia due to a "store portfolio...