SEARS JOB CUTS: Sears Holdings Corp. plans on cutting 200 support jobs from its Hoffman Estates, Ill., headquarters, trimming 4 percent of its 5,000-strong workforce there. Last month, the corporate parent to Sears and Kmart said it would break its business into five units to streamline operations. "As we've previously stated, Sears Holdings' results have not been satisfactory and because of that, as part of a continuing process, we are assessing our business priorities, cost structures and organization and, when and where necessary, we will be making adjustments," said a spokesman. "This week, approximately 200 associates from our support center locations were impacted after a review of our organization. We offered those associates severance packages and outplacement services to assist with their transition."
U.S. APPEALS WTO RULING: The U.S. has filed an appeal of a World Trade Organization compliance panel ruling last fall that affirmed Brazil's complaint that the U.S. had failed to fully implement judgments that found American cotton subsidies broke global trade rules. "We believe that the changes made by the United States have brought its programs into full compliance with the WTO's recommendations and rulings in the original cotton case," said a spokeswoman for U.S. Trade Representative Susan Schwab. Brazilian trade officials have stated that if the U.S. loses the appeal, Brazil would have the right to retaliate for up to $1 billion a year in sanctions until Washington fully complies with the rulings.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)