
Liz Claiborne Inc's chief executive assured investors that its liquidity position remains sound, less than a week after the apparel company said it hired a turnaround firm; its shares jumped 8.5 percent.
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Liz Claiborne Inc's chief executive assured investors that its liquidity position remains sound, less than a week after the apparel company said it hired a turnaround firm; its shares jumped 8.5 percent.
Standard & Poor's cut its ratings on Liz Claiborne deeper into junk territory, citing an expectation the clothes retailer is unlikely to return to profitability until 2010.
Liz Claiborne Inc reported a deeper-than-expected quarterly loss as the lingering recession kept many shoppers from buying the company's clothing and accessories.
Fashion and retail executives are adding new ingredients like extensive customer data and streamlined websites to their marketing mix to get consumers to buy in the recession.
Liz Claiborne Inc is seeing signs of stabilization in retail, its chief executive said on Wednesday 10 June, but reaffirmed his expectations for weak sales throughout most of the year.
Kevin Bailey has been named as the president of Vans Americas. The former vice-president for retail of the label will now focus on its worldwide development and global strategy.
Fashion company Liz Claiborne Inc reported a quarterly loss deeper than Wall Street expected as retail sales remained weak in the recession, and its shares fell nearly 12 percent in light premarket trading.
Fashion company Liz Claiborne Inc reported a quarterly loss on Wednesday that was smaller than analysts expected though within the company's forecast.
Fashion company Liz Claiborne Inc (LIZ.N) said Hong Kong-based consumer goods exporter Li & Fung (0494.HK) agreed to pay $75 million to become its primary global sourcing agent for apparel and accessories.
Liz Claiborne Inc said on Tuesday that it planned to cut 725 jobs, or 8 percent of its U.S. workforce, to reduce costs in a weak retail market, sending the fashion company's shares up nearly 7 percent.