Canada-based Hudson’s Bay Co. announced today a series of changes to its North American business strategy, including a plan to cut 265 positions at headquarters and in corporate offices across store banners. Since the company’s 2013 acquisition of Saks Inc., HBC has hired more than 2,000 associates “in connection with new store growth and the expansion of digital offering across its store banners,” the company said in a release. But now that the organization is “positioned to run more efficiently,” HBC said it could pare a number of roles, which would effect about 265 associates across store banners in . HBC added that it still plans to open seven Fifth Avenue locations and 25 Off Fifth locations in 2016 as part of its expansion of both banners into Canada. Among the other major goals of its North American realignment, HBC said it is establishing new “centers of excellence” focused on customer-relationship management, creative and human resources functions;

consolidating key business functions; and implementing technology enhancements under newly hired CIO Janet Schalk and EVP of HBC Digital Dion Rooney. “Through organic growth and acquisitions, HBC has established itself as one of the fastest-growing department-store retailers in North America and a unique global company,” said Richard Baker, HBC’s governor and executive chairman, in a release. “This significant growth has created meaningful opportunities for us to further build our business while operating even more effectively. To that end, we are focused on taking the appropriate next steps to position HBC to deliver continued industry-leading performance and long-term growth, while best delivering for our customers in a constantly evolving industry environment.” The realignment, particularly the job cutbacks, are forecasted to result in about $75 million in annual cost savings and “synergies,” the company said. “By enabling our teams to work smarter, faster and more effectively, we expect to achieve substantial cost savings and continue to invest in our core strategies to build our business, drive further improved financial performance and support the long-term vision of HBC,” CEO Jerry Storch said in a statement.

“We have an enormously talented team in place and will continue to build our world-class capabilities.” The company anticipates a charge of approximately $20 million in the third quarter in connection with the restructuring. In its most recent quarter, Q2, HBC’s net earnings totaled $67 million (CAD), or $53 million, compared with a net loss of $36 million (CAD) in the prior year’s same period. Revenues increased 15 percent year-over-year, to $2 billion (CAD), or $1.6 billion, compared with net sales of $1.8 billion (CAD).Prom Dress Reno NevadaHighland Brewing Co. Run Club with and 14 others.How To Change Turn Signal Bulb F350Wow what an awesome night with a great group! Lg Washer Repair Washington DcHUGE thanks to lululemon athletica Asheville, Fleet Feet Sports Asheville, and New Balance for coming out and making the night extra special.

Can't wait to see you next week for Run Club PLUS PLUS with Colleen and Lindsay!Highland Brewing Co. Run ClubTonight's the night! We've got lululemon athletica Asheville, Fleet Feet Sports Asheville, and New Balance coming out with all sorts of fun demos! Try out some new shoes and socks, swap your shorts, and get ready for a great run! Get here early to ensure you get the right sizes and have time to change. We'll be set up by 5pm, running at 6:15pm! Highland Brewing Co. Run Club added 2 new photos from August 17 — with and 6 others.The rain held off for us this week! Hooray running and abs! See y'all next week for our special run with lululemon athletica Asheville, Fleet Feet Sports Asheville, and New Balance will be out!Highland Brewing Co. Run Club with and 8 others.Why does this week's crew look so happy? Because HBC Run Club was voted one of the top three run clubs in the Mountain Xpress Best Of! Thanks to everyone who voted, and for everyone who comes out and participates. Highland Brewing Co. Run ClubHey Everyone!

We are on rain or shine, but the Tasting Room is closed for a private event this evening! Rain pending we will either finish up in the Meadow or the Event Center. Abs with Colleen are tentative due to lack of a space to do them...so we're calling them a maybe!Highland Brewing Co. Run Club added an event.Lululemon and Fleet Feet Demo Day!Run Club Plus-Plus!Highland Brewing Co. Run Club added an event.Highland Brewing Co. Run Club with and 5 others.Another hot one, but y'all are troopers! Way to beat the heat!Highland Brewing Co. Run Club with and 6 others.Great turn out for Run Club PLUS! You guys are awesome!Highland Brewing Co. Run ClubOh boy oh boy! It's Run Club PLUS PLUS tonight! We've got abs with Colleen and yoga with Lindsay tonight post run! Can't wait to see y'all out!Look at this brave crew, coming out in spite of the heat last night! See everyone next week for Run Club PLUS PLUS!Highland Brewing Co. Run ClubWoof! We have been remiss about posting photos! Working on it now, they will be posted to their correct dates.

(I'll tag most of you )Great big turnout tonight in spite of the heat! Highland Brewing Co. Run ClubRun Club PLUS! See y'all around 6, we're leaving at 6:15 Highland Brewing Co. Run Club added 42 new photos — with and 10 others.Here are some unofficial Night Flight photos, special just for y'all, taken by Heart Rose Corwin! See y'all on Wednesday!Highland Brewing Co. Run Club with Liza Van Cauwenberghe and 9 others.Throw back photo spot with one of our favorite OG runners! Matt Spoon in the house!Highland Brewing Co. Run Club shared Highland Brewing Company's event.It's the last run club before Night Flight! As a special treat for all our members who don't register early for anything, we've got a 10% off code for you! Use HNF2016RUNCLUB at check-out until 9pm tomorrow night. Come out tonight for your last practice run up Gashes Creek!9Night Flight 4.5-milerHighland Brewing Co. Run Club added 2 new photos — with and 2 others.Great turn out for Run Club PLUS abs with Colleen Kilker Elsen and yoga with Lindsay Majer!