Highsnobiety To Wind Down E-Commerce, Lay Off Staff

Highsnobiety is calling an end to its days as a multi-brand retailer.

The company announced Tuesday that it will wind down its e-commerce business by the end of the year and focus on its core operations, namely its publishing arm, which made it an influential voice in sneakers and streetwear, and the creative and advisory services it offers to brands.

As part of the restructuring, the business will cut roughly 50 jobs from its total workforce of about 275, including roles in departments such…