Multi-brand jeweler Finlay Enterprises is closing 40 stores and exiting its department store businesses to focus on profitable locations. The move affects a wide array of department stores including Bloomingdale's, Macy's, Lord & Taylor, and Dillard's.
Finlay owns specialty jewelry stores Bailey Banks & Biddle, Carlyle & Co. and others. The company did not announce which of these would be affected by the 40 closings.
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