Macy's Inc. will downsize from seven to four regional operations, eliminating 2,550 positions from buyers to back-office workers and senior officials, as it struggles with a tough sales climate and ongoing challenges related to its acquisition of May Department Stores.
"This part of the job will never be easy. It's very emotional. It's very difficult," Terry Lundgren, chairman, chief executive and president of Macy's Inc., told WWD.
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)