DALLAS — Citing the tough business climate, Neiman Marcus Inc. is trimming 450 employees this week in positions from the vice president level on down and is reducing salaries for some personnel.
The majority of the terminations took place Monday and Tuesday as the luxury retailer reduced its workforce by 2 percent to 15,385, spokeswoman Ginger Reeder said. Last month the company eliminated 375 jobs, many of which were on the cosmetics sales floor in a realignment of responsibilities in that area.
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)