The business is cutting about 80 positions in the first quarter.
Artist Daniel Buren created the graphic backdrop for the upcoming campaign and will do window displays for select boutiques in March.
Twiggy, Sir Peter Blake, Louise and Jamie Redknapp and Natalie Massenet were among the guests at the designer’s Christmas lights party.
As part of a pilot program, the tool is featured on 32-inch vertical touch screens in the women’s denim departments at select stores.
The total renovation tab, according to sources, could be as high as $70 million to $75 million figuring in vendor contributions.