Daily News
From Home Furnishing Business
One Kings Lane Initiates Layoffs
June 25,
2014 by in Business Strategy, Furniture Retailing, Industry 
Online retailer One Kings Lane is undergoing a restructuring. As part of that, the retailer has let 79 employees go and shuttered its Hunters Alley shop.
The merchant says its restructuring affected all areas of its business, and includes the closure of Hunters Alley, a marketplace of used goods it launched last year.
After only two months on job, One Kings Lane’s new CEO Dinesh Lathi has been busy with an unpleasant task: laying off workers.
Home décor e-retailer One Kings Lane let 79 employees go last week, a spokeswoman confirms. The move impacted 15% of the retailer’s workforce across all departments in its three offices in Los Angeles, San Francisco and New York City.
Read Entire Story Source: Internet Retailer