By  on July 8, 2008

Facing myriad challenges because of the troubled economy, retailers are cleaning house.

Downsizings have been dramatic at Macy's Inc., AnnTaylor Stores Corp., Talbots Inc., Zale Corp., Starbucks and Gap Inc. Payrolls, capital expenditures and every component of selling, general and administrative costs are being subjected to greater scrutiny, along with merchandising and marketing strategies.

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