The travel retailer and bookseller Hudson reported earnings for the second quarter ending June 30, 2020, with sales of just $62 million, an 88 percent decline from $510 million a year ago on worldwide airport store closures due to the pandemic. Like-for-like sales were $53 million, a decline of 82 percent. Sales of literature and publications fared even worse, declining 93 percent to $2.6 million, down from $39.9 million last year’s second quarter. In a new “reduction in workforce,” the company has permanently laid off nearly 40 percent of its team, both corporate and field staff, effective July 31. An […]
