US: Christopher & Banks cuts 30 jobs in management revamp
Women's apparel retailer Christopher & Banks is to cut about 30 managerial positions as it reorganises its field sales staffing arrangements.
The company expects to generate savings of about US$2m per year through the move, but will incur a charge in its fiscal fourth quarter of about $400,000 in connection with the redundancies.
The plan involves the elimination of separate field management arrangements for the company's Christopher & Banks and CJ Banks brands, with the new system drawn up along geographical lines instead.
The total number of districts is reduced to 58 from 89, as at July 2008, while the total number of regions has been consolidated to three: East, Midwest and West.
Gary Thompson, senior vice president of store operations at Christopher & Banks, said the move would result in increased efficiency.
"In addition, the restructuring will be more cost-effective, as it will require far less travel by the district managers as a whole," he added.
"Most importantly, it will allow district managers the opportunity to spend more of their valuable time working with their team of stores and thus create a sharpened focus on delivering a consistent message to our stores and better on-message branding execution."
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