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.

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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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