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Saks Lays Out Reasons for Laying Off Staff

Join Cotton Incorporated, Lectra, Accelerating Circularity, Public Habit and more on July 15 for Sourcing Journal's virtual Sustainability FAQs workshop to pull back the curtain on the circularity, traceability, net zero and inventory reduction concepts that could transform your business.

Luxury retailer Saks Fifth Avenue is pruning jobs as shoppers continue to shy away from stores. On Tuesday, a spokeswoman for the upscale merchant told Sourcing Journal that the company has been taking steps to “strategically evolve our business for some time.” “As a result, we have further evaluated our store functions to ensure we…

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