After posting a fourth-quarter loss of $828.9 million, mainly due to a goodwill writedown, Liz Claiborne Inc. is expecting further “meaningful” losses in the first half of 2009 and is eyeing additional cost cuts.
Declining to provide 2009 earnings guidance due to “the highly uncertain environment,” Claiborne chief executive officer William L. McComb warned on an earnings call Wednesday that he anticipates no immediate improvement for retail sales in 2009 from the dismal final quarter of 2008.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"