DSW Cuts 98 HQ Jobs
Columbus, Ohio DSW Inc. said Wednesday that it was cutting nearly 100 jobs as same-store sales fell during the third quarter.
The company said it was laying off 82 employees in its headquarters and field-leadership positions while not filling another 16 vacant slots.
The job cuts will result in a $3 million pretax charge in the fourth quarter.
Same-stores sales fell 4.1% for the three months ending Nov. 1. For the year, same-store sales dropped 5.3%. Sales revenue for the quarter grew 6.5% to $391.4 million.
Report: Target launches new fashion program
NEW YORK According to reports, Target is launching a new fashion program, Target Designer Collaborations, with an apparel line by Alexander McQueen.
The McQueen collection, called McQ Alexander McQueen for Target will be available in stores next spring.
Target’s fashion push comes shortly after the company announced that it would limit store openings and would consider a proposal for the spin-off of its real estate business.
Fresh & Easy to open stores in Bakersfield, Calif.
BAKERSFIELD, Calif. Fresh & Easy Neighborhood Market announced it will open its first two stores in Bakersfield, Calif. on Dec. 3. Fresh & Easy currently has five announced locations in Kern County.
“At Fresh & Easy, we offer fantastic products at incredible prices so you don’t have to compromise on what you feed your family,” said Fresh & Easy ceo Tim Mason. “We look forward to bringing great jobs and quality, affordable food to neighborhoods in Kern County.”