Canada Goose cuts 125 staff, L Brands closing some Victoria's Secret stores
TORONTO -- Retailers with Canadian operations are laying off employees and closing stores as they grapple with COVID-19.
Canada Goose Holdings Inc. is cutting 125 of its staff or roughly two per cent of its 5,000-person workforce.
The luxury parka company called the decision difficult, but said it had to take steps to address the impact of COVID-19 on its business.
Canada Goose says it’s offering the employees losing their jobs compensation, extended benefits, a personal reference letter from chief executive Dani Reiss and the option to keep their corporate phones and computers.
Meanwhile, U.S. company L Brands says it will close about 250 Victoria’s Secret stores in Canada and the U.S. and 51 Bath and Body Works locations.
The company says it is suspending store rent for April and May and is in active discussions with its landlords to negotiate payments and future occupancy costs.
The Canadian Press
- No mask, no service? Businesses have the right to require masks on customers
- Driver flees scene on foot after crash in Burlington
- Conservation Halton implementing reservation system for public parks
- Ontario says more heath providers can reopen including dentists, optometrists
- Ontario extends emergency orders for COVID-19 pandemic until June 9
- Leon’s Furniture cutting half of its staff, closing 72 corporate stores
- Canada Goose to produce medical gear for health-care workers and patients
- Lowe's Canada is closing 34 stores
- Starbucks closing some stores and moving to a to-go model in Canada in response to coronavirus
- All Carlton Cards stores closing across Canada