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Kenneth Cole to close all outlet stores

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Paul Morigi | CNBC

Kenneth Cole said Friday that it will close all of its outlet stores in the United States.

CEO Marc Schneider said that the company is looking to instead "expand our online and full-price retail footprint across the globe."

The outlet closing will occur over six months. However, its full priced stores will remain open.

Kenneth Cole was founded in 1982 in New York, beginning with women's shoes. It later expanded into men's wear and eventually increased its product lines to include handbags, clothing, and accessories.