Hudson's Bay is closing its Home Outfitters business and estimates it will shutter 20 of its U-S Saks Off Fifth locations.
The Toronto-based retailer says the moves are part of plans to reduce costs, simplify the business and improve overall profitability.
H-B-C's C-E-O Helena Foulkes says if possible, the company will attempt to find opportunities within H-B-C for those employees impacted by the closures.
H-B-C says the shutdown of all 37 Home Outfitters locations will occur this year.