Mervyn's cuts corporate jobs

Mervyn's LLC, the department store chain that is restructuring after filing for bankruptcy protection this summer, has cut a “significant” number of corporate jobs at its headquarters, a spokesman said yesterday. The privately held retailer has been hit by a housing downturn that affected shoppers living in its base of Western states. It said the job cuts came from all areas in its Hayward headquarters,... [read full story]