- Saks Fifth Avenue announces major layoffs including Vice President and Women's Fashion Director Michael Fink and his team, Director of Public Relations Leslie Kennedy, and many sales associates and support associates from their stores, including many former colleagues.
-While they are one of the only luxury retailers to have been reporting profits, Burberry announces its first round of layoffs in England and Spain totaling just over 500 people.
-Yohji Yamamoto is closing its 13 year old New York press office
These are the major stories that have happened over the past week.
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