NEW YORK — Jones Group, a clothing, shoes, and accessories maker that owns chains including Nine West and Easy Spirit, on Wednesday said it is closing 170 US stores and slashing jobs as part of a plan to improve profitability.
A spokeswoman said 8 percent of the company’s 10,000 jobs will be cut, or about 800 positions.
The New York City company, which also sells its products through department stores, had had stagnant sales, and it posted a loss last year. Its sportswear lines and its own stores run lots of discounts. In the first quarter, it expects adjusted earnings per share to fall by about half because of more markdowns.
The company is cutting 18 percent of the staff in its stores and 2 percent of its corporate and supply chain jobs.