The retailer is the latest to trim employees in the quest for long-term growth.
Layoffs are becoming commonplace in a variety of industries, particularly tech, financial and telecom. And retail is not immune. Earlier this year, Saks.com, TheBay.com, Kohl’s and Neiman Marcus laid off workers as inflation and heavy discounting take their toll on the bottom line.anniversary this year. Under the direction of chief executive officer Libby Wadle, the company’s parent J.
Among the moves she’s made has been to tap new creative directors: Brendon Babenzien, cofounder of Noah and former design director of Supreme, for menswear and Olympia Gayot for the women’s and kids’ sides. At the end of last year, Wadle said the company was profitable again and that is believed to still be the case currently.
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