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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)