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March 01, 2007
Liz Claiborne's Sales Jump, Yet Profit Falls
Liz Claiborne’s fourth-quarter profits sagged due to restructuring costs, yet its sales jumped 10.8% to $1.33 billion. Its sales performance was boosted by the company’s recent acquisition of handbag, shoe and accessories brand Kate Spade.
Claiborne also saw success with its Lucky Brand and Juicy Couture lines and the company said it plans to continue to put marketing dollars into promoting them.
Posted by Blacks on March 1, 2007 09:46 AM
