Jones Group to shift focus to outlet stores in restructuring

04/24/2013 | Reuters

Nine West and Jones New York parent Jones Group will close 170 underperforming stores in the U.S. by the middle of next year and shed about 8% of its workforce in a push to boost profitability. Outlet stores will make up a larger percentage of the company's store base when the restructuring is complete, the company said.

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