Kenneth Cole is shutting down nearly all of its stores
Facebook/Kenneth Cole
The retailer has 63 outlet stores across the US. All of them will shut down within the next six months, leaving just two full-priced stores that will remain open.
The company didn't say how many employees would be impacted by the closures.
Kenneth Cole will continue to sell its shoes, apparel, and accessories through other retailers and online, the company said.
"As we continue on our path of strengthening our global lifestyle brand, we look to expand our online and full-price retail footprint across the globe," Kenneth Cole Chief Executive Officer Marc Schneider told Bloomberg. "We need to focus our energies and resources to better serve the consumer on their terms."
Kenneth Cole did not immediately respond to Business Insider's request for comment.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Top 10 Must-visit places in Kashmir in 2024
- The Psychology of Impulse Buying
- Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
- 7 Vegetables you shouldn’t peel before eating to get the most nutrients
- Gut check: 10 High-fiber foods to add to your diet to support digestive balance