Liz Claiborne To Cut Stores?

According to the New York Post, Liz Claiborne may be cutting some of its stores soon.

The sizable job cuts, expected within the next few weeks, are said to be across all levels of the company and could total as much as 10 percent of the work force, sources said. Liz Claiborne employed 17,000 full-time staffers worldwide as of December, according to its most recent annual report.

A Liz Claiborne spokeswoman declined to comment on the potential layoffs, but the company alluded to "additional streamlining" when it reported first-quarter earnings earlier this month.

Faced with disappointing sales, particularly in its U.S. wholesale division, newly appointed Chief Executive William McComb is expected to make the results of his strategic review known July 11.