NEW YORK CITY-Locally-based Liz Claiborne Inc. has decided toclose its Liz Claiborne branded outlet stores in Puerto Rico andUnited States. Eighty-seven stores will be closed including fourstores in New York City. This move was carried out to cut short onits operating losses.
The firm has incurred losses for 10 quarters in a row andexpects that this move will convert the losses into profits by thebeginning of next year. For the full story, go to Jacksonville Business Journal.
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