Even this holiday season’s winners are girding for fierce competition in the new year.
Macy’s Inc. on Wednesday implemented a series of cost-cutting moves, including five store closures, that are expected to result in the elimination of 2,500 jobs. The belt-tightening comes even as the company reported a solid holiday season, with a 4.3 percent increase in comparable sales for the November-December period. Without licensed departments, the increase was a slightly milder 3.6 percent.
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)