By  on March 4, 2009

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.

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