LONDON, Ont. Retailer Scholar’s Choice is closing all but three of its stores as part of a restructuring of its operations to focus on its e-commerce and catalogue business. The seller of educational toys, teaching materials and early childhood furniture and toys says it has filed for creditor protection through a notice of intention to…
13 July: the retail and hospitality sectors have been among the hardest hit by the lockdown measures. What are the warning signs for employees, suppliers and customers, and what can be done to prevent further closures? Liz Morrell reports. Although retailers and the hospitality sector may now have mostly reopened, the economic fallout of the…
Sur La Table (“the Company”), the leading retail destination since 1972 for those passionate about cooking and entertaining, today announced that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the “Court”) to consummate a restructuring and going-concern sale of…
Harley-Davidson (NYSE:HOG) announced its new Rewire strategic plan in April 2020, as the COVID-19 pandemic worsened a business already hit by tariffs and slumping sales. The maker of the iconic brand reported motorcycle segment revenue down 8% in 2019, and shipments down 6.4% versus the prior year. Today, the company said it was overhauling its…
In a bid to restructure and reshape its business as a more resilient company, Casinos Austria will be looking to save estimated 40 million in costs. Casinos Austria Announces Restructuring Plans, Takes a Look at Layoffs Casinos Austria supervisory board announced a new restructuring plan that seeks to save 40 million in costs at the…
Thursday, July 9, 2020 As the government slowly unlocks the British economy, and activity adapts to the new normal alongside coronavirus, the hope must be that latent consumer demand triggers a rapid, equally dramatic, recovery in GDP and jobs, allowing businesses to boost cash-flow and repay debt. An economic recovery of this nature (the sharper…
NBN Co CEO Stephen Rue Credit: NBN Co NBN Co is planning to shed at least 800 jobs as part of a major overhaul of its business structure. The national broadband builder plans to reduce headcount from 6,300 employees to 5,500 by the end of the year. The announcement, which first appeared inComms Day, also…
July 08, 2020 08:30 ET | Source: DAVIDsTEA multilang-release Company to accelerate transition to online retailing and wholesale distribution in North America Intends to significantly reduce brick & mortar footprint DAVIDsTEAs online business at www.davidstea.com and sales in grocery stores and pharmacies across Canada will continue during the restructuring process MONTREAL, July 08, 2020 (GLOBE…
NBN Co is set to cut around 800 staff by the end of the year as part of a broader post-rollout restructure of the company. CEO Stephen Rue said that the company would slim down the size of its direct workforce from around 6300 employees to around 5500 people by the end of this calendar…
NBN Co CEO Stephen Rue Credit: NBN Co NBN Co is planning to shed at least 800 jobs as part of a major overhaul of its business structure. The national broadband builder plans to reduce headcount from 6,300 employees to 5,500 by the end of the year. The announcement, which first appeared inComms Day, also…