Kenneth Cole Announces Plan To Close All US Stores

Retailer Kenneth Cole said it plans to close all of its 63 stores across the US and will instead focus on expanding its online and full-price retail businesses. In May 2016, the company launched the fragrance brand Mankind Hero and scent Blue, which were created under a licensing deal with Parlux. Kenneth Cole needs to focus its “energies and resources” on improving its ability to serve consumers on their terms, according to CEO Marc Schneider.