Liz Claiborne to Exit Outlet Store Business

New York-based Liz Claiborne Inc. announced plans to exit its 87 Liz Claiborne-branded outlet stores in the United States and Puerto Rico. The company plans to leave its outlet stores within the next few months, and put its organizational energy and resources toward the support of its retail-based direct brands, the Liz Claiborne brand at JCPenney and Liz Claiborne New York at QVC, both set to launch in August. The company's other outlet stores, including its Juicy Couture, Lucky Brand, Kate Spade and Kensie brands, will not be impacted by this decision. The company will provide more comments on