Cost cuts continued at Liz Claiborne Inc. Tuesday, and Wall Street awarded the moves with a 8.4 percent rise in its stock price.
The company, which has already reduced spending by at least $265 million since 2007, is eliminating about 725 positions, or 8 percent of its U.S. workforce, suspending merit pay increases for all employees and closing its distribution center in Mount Pocono, Pa.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)