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Lands End cuts 200 jobs in Wisconsin
Dodgeville, Wis. -- A Wednesday report by the Wisconsin State Journal said that Lands End plans to cut nearly 200 jobs in its headquarters town of Dodgeville, Wis., by the end of January.
Blaming growth of its online business at the expense of bricks-and-mortar stores, Lands End said it is culling its call center workforce by 29% and streamlining other operations. Fifty of the eliminated positions are corporate headquarters jobs and 25 are from the call center. All cuts were made Wednesday.
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Report: Sports Direct to buy 60 JJB stores
London -- A Thursday report by Reuters said that British sports retailer Sports Direct will buy 60 stores from struggling competitor JJB Sports.
Citing an unnamed source, Reuters reported that JJB said it is close to appointing KPMG as administrators to sell its assets and brands after failing to receive an offer for the entire company.
JJB operates 180 stores. Sports Direct is majority-owned by Mike Ashley, owner of the Newcastle United soccer club. He will pay about $48 million for the 60 stores.