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J. Crew cutting jobs as part of restructuring
J.Crew Group is in a reorganization mode as it look to better position itself for growth. The apparel retailer announced several strategic changes across its organization, including reducing headcount. Approximately 150 full-time and 100 open positions are being cut, mostly from corporate headquarters. -
Turnover in Sears’ CFO suite continues
Sears Holdings has a new finance chief — again. The struggling retailer announced that Rob Riecker, currently controller and head of capital market activities, has been appointed CFO, effective immediately. He replaces Jason Hollar, who resigned “to pursue another career opportunity,” the retailer said. Hollar was appointed to the role in October 2016.