financial
financial

Kellwood to Exit 3 Divisions in Overhaul, Cuts Earnings Outlook

Kellwood Co. said it was closing several units, including intimate apparel, representing $335 million in sales, and lowered guidance for the year.

In another development Wednesday, Kellwood announced a stock-repurchase program authorizing the company to repurchase, at the company's discretion, as much as 10 percent of the outstanding shares of its common stock through open market or privately negotiated transactions.

— With contributions from Karyn Monget
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