The show's over, folks.
(Pause for a moment of silence.)
As we previously reported, the new deal will see the Liz Claiborne and Claiborne lines being sold exclusively through JCPenney, while the Isaac Mizrahi-designed Liz Claiborne New York line will be sold solely through QVC.
"A number of factors precipitated this decision," explains CEO William McComb in the release.
"Our current fleet of Liz Claiborne branded outlet stores was originally designed and leased to handle clearance for many brands in our portfolio -- an outdated consumer proposition and one that no longer makes economic sense, given the vast changes we have made to our portfolio and business strategy over the past three years."
Meanwhile, read our interview with the late Liz Claiborne's husband, Arthur Ortenberg.