Fashion retailer Kenneth Cole is closing almost all of its outlets in the US.
Kenneth Cole chief executive officer Marc Schneider said that it will close 63 outlets over the next six months, reported Bloomberg.com.
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Only two stores will remain open in the US.
The retailer intends to focus on its e-commerce site and overseas business.
Set up almost three decades ago, the fashion house plans to sell its products through other retailers.
The recent years has seen several other retailers also reduce their offline presence due to tough competition from online retailers. Among the retailers that announced the intention to reduce their offline presence include Michael Kors, Coach, and Fossil.
Kenneth Cole opened its first outlet in New York in 1984.
Chairman and chief creative officer Kenneth Cole privatised the company in 2012.
The company mostly generated its revenues from licensing deals and therefore, it felt there was no requirement for physical stores.
