Lord & Taylor site to add 140 jobs
Following the acquisition of Saks Fifth Avenue, Hudson’s Bay Company — the Toronto corporation that owns Lord & Taylor — is expanding its Wilkes-Barre Township distribution and customer-service center to absorb Saks’ operations.
According to a press release, the company is to add 140 jobs at the Wilkes-Barre Township center along Highland Park Boulevard to handle the increased flow of product and customer concerns, jobs handled before at the Saks headquarters in Aberdeen, Md.
The Wilkes-Barre Township center is to serve as the hub for all Saks Fifth Avenue and Lord & Taylor customer service and online order fulfillment.
“It is always exciting to announce job creation,” HBC’s distribution and logistics Executive Vice President Bill Tracy said. “And HBC is proud to bring 140 new positions to Wilkes-Barre. With the addition of Saks Fifth Avenue and the tremendous growth of our e-commerce business, the Wilkes-Barre facility is vital to us meeting our customer demand.”
‘Natural’ Gatorade discontinued
PepsiCo has discontinued a line of Gatorade it marketed as “natural,” even as people increasingly look for foods and drinks that are positioned as such.
The Purchase, N.Y. company said in a statement that through “engagement with athletes on their fueling needs, we found that Gatorade Naturals and G2 Naturals did not resonate with this core consumer.”
On its website, the company said the drinks provided the benefits of regular Gatorade while using ingredients like sea salt. The line had limited distribution in select Whole Foods and Kroger locations.
It’s not clear why PepsiCo didn’t invest more heavily in marketing Gatorade Naturals.
US homebuilder confidence dips
U.S. homebuilders lost a little confidence in the housing market this month but remain generally upbeat ahead of the spring home-selling next season.
The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday dipped to 56. That’s down from December’s reading of 57, which was revised one point lower from its initial estimate.
Readings above 50 indicate more builders view sales conditions as good, rather than poor.
Builders’ view of current sales conditions for single-family homes, their outlook for sales over the next six months and traffic by prospective buyers each declined since December.
Even so, the overall index is nine points higher than a year ago, reflecting a stronger U.S. housing market.