Founder José Neves said the luxe platform is ready to buckle down after scoring a valuation of more than $8 billion in its IPO.
The sports gear company said the 3 percent cut to its employee base is part of its “relentless pursuit” to improve the business.
His comments came as the U.S. and China geared up for a new round of tariffs next week.
The fast-fashion retailer flagged issues with its new logistics system in the U.S., France, Italy and Belgium.
A number of factors at play mean economists don’t expect this to be the start of a new downward trend in the inflation rate.
Bluestar counts the IP of Tahari, Bebe, Kensie and Michael Bastian as fashion brands under its umbrella.