NEW YORK — J. Crew Group Inc. has joined the wave of companies making cuts that’s permeating the industry.
On Friday, the company eliminated 95 positions and suspended 401(k) matching contributions and merit-based wage increases for the entire workforce, both through 2009. The workforce reduction is primarily at J. Crew’s New York office and in field offices and distribution centers. They include positions that are currently unfilled.
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)