Fashion Giant Liz Claiborne Reports 90.5 Million Dollar Loss For Third Quarter 2009
November 7th, 2009 by Karen Marie SheltonThe world of fashion in the form of Liz Claiborne Inc. (LIZ) has taken a financial hit due to the current economic situation as well as prior financial challenges.
Liz Claiborne recently posted a much wider-than-expected third-quarter loss of $90.5 million or 96 cents a share compared with a year-earlier loss of $68.7 million or 73 cents per share, but did offer stockholders and brand fans some glimmers of hope for the future.
Excluding write-downs and other items, continuing operations swung to a loss of 43 cents from year-earlier income of 39 cents. Sales dropped 24% to $769.6 million.
Liz Claiborne which also owns the beloved Juicy Couture brand along with Kate Space, Lucky Brand and Mexx reported a 90.5 million dollar loss for the quarter ending October 3, 2009. Read the rest of this post »













