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Today, the retail newswires are all abuzz with the changes that new chief exec William L. McComb has in store for Liz Claiborne corp. Simply put, the man is going to fire a ton of people, sell off a bunch of dead weight labels like Dana Buchman, and push the few "strong" brands the company has left in its portfolio. What does this mean to you, the consumer? Well, Lucky, Kate Spade and Juicy Couture stores will be opening up all over Manhattan within the next year or so. Lucky's already taken space on Smith Street, and we heard that Juicy Couture will be settling in to the Fifth Avenue space that housed Mexx. Soon, expect to see a few Kate Spade-less Kate Spade stores going up. All in all, Liz Claiborne's planning on opening 92 more Juicy stores, 122 more Lucky stores and 80 more Kate Spade stores (the company is also expanding Mexx, but apparently, not in the US). The Times is definitely not alone in wondering, "Does the world need 148 Juicy Couture stores?" and "Can Kate Spade, a brand whose buzz has begun to die down, become the next Coach?" Well, you can't please everyone all of the time, but at least teenage tourists will be happy.
· At Liz Claiborne, a Bold Fashion Statement [NY Times]
· Rackage: Lucky Jeans [Racked]
· RackedWire: Mexx Soho Closed, Fifth Ave Store To Absorb Unsold Merch [Racked]
· RackedWire: Juicy Replacing Mexx on Fifth Ave & More! [Racked]