RackedWire, Special Depressing Edition: Layoffs Rumored at Coach, Confirmed at Neiman Marcus

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MIDTOWN WEST—A tipster wrote in to tell us that Coach laid off 140 people in corporate this morning. Of course, this is only a rumor; we've got a call in to Coach HQ to confirm. [RackedWire]

DALLAS—Neiman Marcus, which laid off 375 people last month, will add another 450 to the unemployment rolls by the end of this week. [WWD]