• Macy's third quarter losses totaled $44 million, a 7 percent sales slide. [WWD]

• Condé Nast laid off dozens of Web staffers yesterday from sites like Concierge.com, Epicurious.com, and Style.com. The publisher is reducing overall jobs by 5 percent. [WWD]

• Jennifer Aniston's quote on her Vogue cover about Angelina is a tad misleading. The full quote is: "There was stuff printed there that was definitely from a time when I was unaware that it was happening. I felt those details were a little inappropriate to discuss. That stuff about how she couldn’t wait to get to work every day? That was really uncool." [Vogue via Jezebel]

• Gucci designer Frida Giannini and Rihanna will light the UNICEF snowflake at Grand Army Plaza next week, followed by a performance by Ne-Yo. [WWD]

• Hong Kong doesn't have a Topshop outpost, but shoppers lined up outside of luxury store Lane Crawford yesterday for the launch of Kate Moss's Topshop Christmas collection. Crowds are expected to be rowdier at the Beijing launch on Saturday. [British Vogue]