Divestitures and cutbacks are the name of the game at The Talbots Inc. and Charming Shoppes Inc.
As both chains reported losses for the third quarter, Talbots unveiled a cost-reduction plan to shave $50 million in annualized savings for fiscal-year 2012. The initiative, which includes a 9 percent head-count reduction at headquarters, is across all areas of the business. The plan includes a reduction in marketing spend, which incorporates a suspension of national advertising and television campaigns in the near term. It also includes payroll adjustments impacting the composition of its store workforce and the reduction of store payroll hours, as well as logistics expense rationalization that will align with the expected reduction in planned inventory commitments for 2012.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)