it would cut 450 jobs in North America and shutter all of its 162 Heritage Brands retail stores, which includes brands such as Van Heusen and IZOD, as the coronavirus crisis wreaks havoc on the apparel industry.
"The COVID-19 crisis is dramatically reshaping the retail landscape in ways that we believe will be long-term in nature and far-reaching in terms of consumer purchasing behavior," President Stefan Larsson said in a statement to the press.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
They’ll all rebound later. That’s business. Meanwhile, middle class and those in the poverty line should be taken care of gov’t.
😳😳😳😰😰😰😰
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stores closing include Microsoft, GNC, and Nordstrom in 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. OUCH. How so sad !
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wells Fargo prepares to cut tens of thousands of jobs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wells Fargo should have been shuttered long ago.
Source: BusinessInsider - 🏆 729. / 51 Read more »
SUCCESS INSIDER: Leaving a job during a recession, McKinsey, Hamilton - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »