Calvin Klein 'Bridge' Falling Down

Calvin Klein Inc. announced it is shutting down its CK “bridge” line of men's and women's sportswear in the U.S. The mid-priced line, which generates approximately $50 million is annual sales, is reportedly the last business the New York fashion retailer manufactures itself. The company has also cut its 900-person work force by 10 percent. According to the fashion designer, both moves are part of a worldwide restructuring process.