why is jones new york closing
Jones New York Outlet plans to close its 127 stores during 2015. The company also plans to discontinue its wholesale business this year, the Chicago Tribune reports. The company, which is owned by New York-based private equity firm Sycamore Partners, said it planned to pursue strategic alternatives for the Jones New York brand, according to the newspaper. Jones New York has an outlet store at St. Louis Premium Outlets in Chesterfield.