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Report: Lowe’s outsourcing tech jobs
Lowe's is making another round of job cuts. The home improvement chain is laying off some 125 information technology workers and many of the jobs to India, The Charlotte Observer reported. Lowe’s currently employs approximately 1,000 people in information and technology and analytics in Bangalore, India. -
Apparel giant in store closing move amid sales drop
Ascena Retail Group, operators of such brands as Ann Taylor, Lane Bryant and Dressbarn, is planning to close hundreds of stores. The news came on the heels of a brutal third quarter. The company reported a net loss of $1.031 billion, or $5.29 per diluted share in the third quarter ended April 29, compared to net income of $15 million last year, or $0.08 per diluted share, in the year-ago quarter.

