The given article relates to the closure of 37 Home Outfitters stores that are located in Canada. This is a strategic decision by the parent company i.e. Hudson’s Bay Co aimed at reduction of costs, business simplification along with profitability improvement. It is also estimated that after a review the company may close down 20 stores in the US also. This will allow the parent company to ensure that the available portfolio of stores is only those which potentially offer the highest opportunity for future growth. The company did not highlight the amount of employees that would be impacted by the closure. Also, some days earlier, US based discount shoe retailer Payless ShoeSource also decided to close 2,354 stores across North America (KewarthaNOW, 2019).