Jones New York to discontinue wholesale, retail stores

Women's sportswear brand Jones New York has announced it will discontinue its wholesale business and close all 127 of its retail stores in 2015. Acquired by Sycamore Partners in December of 2013, Jones New York has struggled in the last few years as retailers ramped up their exclusive-label goods. But don't count the brand out yet, the company said it was pursuing strategic alternatives. Story