Liz Claiborne Closing Rhode Island Jewelry Distribution Center
Dow Jonesreports that Liz Claiborne is closing a Rhode Island jewelry distribution center as part of its cost cutting efforts. 100 jobs will be lost as result.
The retailer, which has been struggling with its own brand issues as well as the recession, now has 12,500 employees compared with 18,000 at the end of 2006.
Earlier this month, Liz Claiborne posted a much wider-than-expected third-quarter loss, part of a run of losses the retailer has been experiencing. Chief Executive Bill McComb at that time stopped short of saying the company could return to profitability next year, but did indicate that new plans for the Liz namesake line, in which J.C. Penney Co. (JCP) will be the only U.S. department store to carry and expand the brand, should allow that part of the business to show earnings in 2010.
WPRI says the distribution center will close in February.
Dow Jones 
