Nordstrom to lay off 400; Sports Chalet parent files for bankruptcy
Consumers increasingly are using online platforms to shop. Though the migration brings content marketing opportunities, many retail chains are suffering.
On Tuesday, Nordstrom announced that it would cut as many 400 jobs—roughly 6 percent of its workforce—by July.
The company said its job cuts will primarily affect corporate employees working in its Seattle headquarters and regional offices and will save the company roughly $60 million in the 2016 fiscal year. All terminated employees will get a severance package, though the company did not elaborate.
In a jargon-filled statement, the company said it plans to focus on technology and e-commerce:
Changes to the operating model are part of the company’s broader strategic plans to strengthen its foundation for future growth and improve productivity and service. The company has previously shared that it is continuing to make fundamental changes to serve customers better by leveraging its enterprise capabilities. Initiatives include a new operating model in its Technology group focused on strengthening its ability to deliver on e-commerce and digital initiatives, and proactively addressing opportunities to improve supply chain and marketing effectiveness.
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