A showcase for Jos. A. Bank Source: Getty Images The parent company of Men’s Wearhouse announced a round of layoffs and hundreds of impending store closings on Tuesday as its business takes a heavy hit from the coronavirus pandemic. Tailored Brands said it is eliminating approximately 20% of its corporate …
Read More »Men’s Warehouse owner Tailored Brands plans to cut jobs and close stores
A showcase for Jos. A. Bank Source: Getty Images The parent company of Men’s Warehouse announced a round of layoffs and hundreds of impending store closings Tuesday as its business suffers a hit from the coronavirus pandemic. Tailored Brands said it is eliminating approximately 20% of its corporate workforce by …
Read More »Macy’s gave $ 9 million in bonuses to executives after thousands of job cuts
Jeff Gennette, President and CEO of Macy’s Inc. Mark Kauzlarich | Bloomberg via Getty Images Macy’s handed out $ 9 million in capital awards to six top executives days after laying off about a quarter of its corporate workforce. Department store chain CEO Jeff Gennette received restricted shares worth $ …
Read More »Christies to auction rare Michael Jordan sneakers
Christie’s game changer sale includes rare Michael Jordan sneakers. The Air Ship sneakers used in the 1984 game are expected to reach between $ 330,000 and $ 550,000. Source: Christie’s Michael Jordan’s game-worn collectibles continue to reach new heights, nearly two decades after the Chicago Bulls icon hung their laces …
Read More »Back-to-school spending could hit record during pandemic: NRF
Customers buy back-to-school supplies at a Target Corp. store in Colma, California. David Paul Morris | Bloomberg | fake pictures Parents may not yet know if their children will be sitting in a classroom or at the dining room table when classes resume later this year. But after many schools …
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