Juicy Couture Closing All U.S. Stores: Report

Juicy Couture is drying up.

The California clothing brand famous for its rhinestone-bedazzled tracksuits is shutting down all of its U.S. stores by the end of June, according to the fashion news site Racked .

The struggling label's parent company, Fifth & Pacific Companies - now renamed Kate Spade & Company - sold it last fall to Authentic Brands Group.

More than 60 international stores will remain open, Racked reported . But employees at several locations in Los Angeles told the site that all brick-and-mortar stores in the U.S. are closing down. Juicy's website lists more than 100 boutiques and outlet stores in North America .

Haley Steinberg, a spokeswoman for Authentic Brands Group, did not immediately respond to a call and email from The Huffington Post on Friday requesting comment.

The move comes as Pamela Skaist-Levy and Gela Nash-Taylor, the brands two founders, are launching a new label , Pam & Gela, out of Los Angeles. Meanwhile, Authentic Brands Group struck a deal this week with shoe-making giant Steve Madden to design Juicys new line of womens footwear.

Last November, Kohls announced a non-exclusive deal to start selling Juicy clothes. The shift to a big-box retailer was perceived as a death knell for the once-posh fashion brand.

Juicys signature terrycloth tracksuits were a staple of womens casual style in the early- to mid-2000s, alongside UGG boots and North Face fleece pullovers. When Juicy first sold in 2003 to Liz Claiborne Inc. - as Fifth & Pacific was then known - The New York Times said the company had been built from a $200 start-up to a $51 million concern in just six years.

We are a lifestyle brand and we have a weirdly large demographic, from kids to 65-year-olds, Taylor told the Times at the time.

But 11 years later, that demographic appears to have shrunken in the wash.

UPDATE: June 24 -- The stores closing are still operated by Juicy Couture's previous owner, and the new owner plans a major comeback next spring, HuffPost exclusively reported .