restructuring

Allbirds Cuts Workforce in Bid to Reduce Expenses

Allbirds announced plans to further streamline operations by reducing the size of its workforce. The brand didn’t specify the number of workers…

WSJ: Gap to Lay Off 500 Workers as it ‘Flattens the Organization’

Gap will reportedly eliminate approximately 500 corporate jobs globally as part of a restructuring effort, people familiar with the matter told The…

Alibaba Restructures into 6 Distinct Businesses to Drive Agility and Shareholder Value

Alibaba Group is undergoing the most significant restructure in its 24-year history with plans to split the company into six groups, each…

Rent the Runway to Cut Corporate Staff by 24% After Q2 Active Subscriptions Drop

Rent the Runway will lay off nearly one-quarter of its corporate employees as it seeks to deal with a decrease in active…

Marks & Spencer ‘Turbocharges’ Online Business with 46 New International Websites

In one fell swoop, British retailer Marks & Spencer has doubled the number of international markets where it has a pureplay online…

Simon Asks Bankruptcy Court to Reject Sycamore’s Reorganization Plan for Ascena

Mall operator Simon Property Group and its affiliated landlords have filed an objection to the Chapter 11 reorganization plan for Ascena Retail…

Report: Zulily Plans Layoffs Amid Streamlining Of Merchandise, Studio Teams

Zulily is laying off employees at corporate offices in Seattle and Columbus, Ohio as part of a restructuring effort, according to a…

Bed Bath & Beyond Eliminates COO Position, Cuts Corporate Staff By 7%

Bed Bath & Beyond will cut its corporate staff by 7% and eliminate the role of COO as part of a cost…

Payless Could Close All North American Stores In Prospective Bankruptcy Proceedings

Payless is discussing plans to shutter a significant portion, or even all, of its North American stores as the retailer plans for another…

Lowe’s Plans Mexico Exit Amid Continued Restructuring

Lowe’s intends to exit Mexico as it continues shifting away from its underperforming businesses under the leadership of new CEO Marvin Ellison….

BCBG Sells Assets To Exit Bankruptcy

Fashion retailer BCBG Max Azria Group has reached an agreement to sell most of its assets to brand acquisition and development company…

Macy’s Closing 68 Stores And Cutting 10,000 Jobs

After a disappointing holiday season, Macy’s has identified 68 locations it will be closing and announced the likely elimination of more than…

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