AnnTaylor Stores will cut about 160 jobs. Corporate and divisional jobs will be targeted. The firm also plans to announce that Q2 earnings will be just above break-even. Ann Taylor is a group of specialty apparel retail chain stores for women, headquartered in New York City. The brand is marketed under four divisions; Ann Taylor, Ann Taylor [...]
Continue reading...Tuesday, June 9, 2009
Retail chain Talbots posted a smaller than expected loss this week, but will still hold layoffs. The women’s clothing retailer will cut 20% of its corporate workforce. In February, the chain predicted it would cut 17%. The cuts will occur at its corporate locations in Massachusetts. It announced in February the closures of 20 under-performing stores. Hingham, Massachusetts-based [...]
Continue reading...Wednesday, June 3, 2009
Chico’s FAS is expanding its distribution center in Barrow County, Georgia. The Fort Myers, Florida-based women’s fashion retail chain will create 189 full-time jobs there over the next three years. In January, the retailer eliminated 180 positions, and announced the closure of up to 25 stores. Chico’s is a retail women’s clothing chain founded in 1983 in [...]
Continue reading...Friday, May 15, 2009
Aramark Campus Services LLC will lay off 185 jobs at a contract site at the University of Pennsylvania. Philadelphia-based Aramark said its cuts at the Philadelphia university, effective July 12th, will be permanent, and come at the end of a management-services contract at UPenn. Aramark Limited is a food, facility and apparel service partner to organizations across [...]
Continue reading...Thursday, April 30, 2009
New Albany, Ohio’s Abercrombie & Fitch is cutting 170 jobs at its headquarters. The clothing retailer did not provide any additional details. The firm cut 50 employees in January. Abercrombie & Fitch runs 352 flagship stores, and 759 others under the Abercrombie, Hollister, Ruehl and Gilly Hicks brands Founded in 1892, Abercrombie & Fitch was an outfitter of [...]
Continue reading...Sunday, April 26, 2009
LL Bean will lay off up to 240 workers in Maine. The firm had offered voluntary retirement incentives to reduce the number of involuntary layoffs. All areas of the company, including salaried and hourly workers, will be affected by the layoffs. LL Bean is a privately-held mail-order and retail company based in Freeport, Maine, specializing in clothing [...]
Continue reading...Friday, February 27, 2009
Greenwich Village-based J. Crew Group announced today it will cut 95 jobs, or about 10% of its workforce, to reign in costs. Most of the job cuts will affect the retailer’s New York offices. J. Crew also said it will suspend matching contributions for employees’ 401(k) plans, and eliminate merit based wage increases. The company hopes to save [...]
Continue reading...Thursday, February 26, 2009
Columbus, Ohio-based Limited Brands, owner of the Victoria’s Secret retail chain, predicted a Q1 loss and cut 400 jobs as consumers reduce spending on lingerie. Limited is also suspending pay increases, reducing capital spending and slowing store growth. Q4 net income dropped 96% to $16.1 million. Revenue fell 8.7% to $2.99 billion. Most of the jobs cut at [...]
Continue reading...Wednesday, February 25, 2009
Apparel merchant Tween Brands reported a nearly $14 million loss in Q4, and is making the “painful decision” to cut 85 jobs. The company said the job cuts, which include 49 workers and 36 open positions that won’t be filled, are in addition to the 150 positions it cut last summer in rebranding its higher-priced Limited [...]
Continue reading...Tuesday, February 24, 2009
Neiman Marcus will cut an additional 450 jobs this week, and salaried employees are taking a pay cut. The layoffs are company-wide “across all divisions and across all levels,” according to Ginger Reeder, veep of corporate communications. Earlier this month, the company said it will report a loss in the just-completed quarter. In January, the luxury retailer cut [...]
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Thursday, July 30, 2009
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