Macy's job cuts announced Wednesday are part of a reorganization effort that will save the company $100 million annually. Besides the Macy's job cuts, it will close five stores. But Macy's will open eight others and add positions in online shopping.
Lululemon complaints range from pilling to still-too-sheer. After pulling yoga pants from stores months ago because they were too sheer, the company faces a leadership transition in addition to a new round of Lululemon complaints.
Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from Hurricane Sandy will likely be limited. Economists estimate the damage will cost between $10 billion and $20 billion.