Hudson's Bay Case Study Essay

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Every company revolves its ideas and decisions based on the overall corporate strategy, which is primarily focused on the company’s business interests, goals and objectives. Hudson’s Bay, is a well-known Canadian retail company, with various divisions located in the U.S and Europe. The company has recently suffered a major restructure in its operations. According to a recent news segment written in the financial post; Hudson Bay, has doubled its losses during their first quarter as well as company sales dropped almost 3 percent (Hudson’s Bay Co, 2017). Based on McBey, the restructuring strategy, refers to the assumption that an organization is not attaining their required goals and objectives, whether it relates to social goals, profitability goals, etc. whereas, under restructuring, there are several strategies which include, divestiture, bankruptcy, turnaround and liquidation (McBey, B., 2015). …show more content…

The organization is currently laying off almost 2,000 employees as part of their strategy to increase their profit and save almost $350 million dollars towards the end of the 2018 fiscal year. Moreover, due to the fluctuations in the market, companies need to adapt to the changes and Hudson’s Bay plan is to ensure they implement a plan that incorporates a model that is more responsive to the market changes. Therefore, they implemented a decision where each division such as Canada and the US, will be run separately as they operate in different market

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