Ouch!
Liz Claiborne, which owns Kate Spade, Juicy Couture, Lucky Brand and Mexx is reporting a $90.5 MILLION dollar loss last quarter, which ended on October 3rd. That's almost $30 million MORE than last year.
Yikes!
Hopefully their move to J.C. Penney, QVC and Kohl's will pay off and get them out of that gigantic hole they've dug themselves!
[Image via AP Images.]
Posted: November 6, 2009 at 1:00 pm
