By  on August 13, 2008

Transition pains continue to plague Liz Claiborne Inc., which on Wednesday posted a loss of $23.2 million in the second quarter, narrowed guidance for the year and scaled back plans for retail expansion.

For the three months ended July 5, the vendor took a 25-cent-a-diluted-share hit, as compared with a $13.6 million, or 13 cent, earnings gain in the second quarter of 2007.

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