NEW YORK — The Jones Group Inc. is streamlining operations to improve the company’s profitability.
Chief among them is the closing of about 170 underperforming stores, which will result in a reduction of the domestic retail staff by about 18 percent, or about 750 people. In addition, the company plans to trim several wholesale divisions and the supply chain, resulting in the elimination of about 2 percent of the workforce, or 100 people.
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)