The Home Outfitters store in Windsor is closing.
The parent company, Hudson's Bay (HBC), said all of the home furnishing stores in Canada will close and it is reviewing 133 Saks Off 5th stores, estimating it will close up to 20 U.S. locations. The company said the moves are part of a plan to reduce costs, simplify the business and improve overall profitability.
“Further streamlining our retail portfolio enables even greater focus on our businesses with the strongest growth opportunities," said Helena Foulkes, HBC’s chief executive officer. "The divestiture of Gilt, rightsizing of Lord & Taylor, the recent merger of our European retail operations in Germany, and today's announcement exemplify the bold strategic actions we are taking to set HBC up for long-term success.”
HBC said it is working to find opportunities within the company for impacted workers.
All 37 Canadian Home Outfitters stores are expected to close this year.
