By  on November 21, 2008

Stocks swooned again Thursday, establishing a new low for the bear market and clamping down ever harder on companies dependent on consumer spending — including two of fashion’s marquee names.

Jones Apparel Group Inc. saw the value of its shares fall 47.6 percent, while Liz Claiborne Inc.’s shares declined 22.5 percent. So far this week, Jones and Claiborne have each lost more than 50 percent of their stock’s value.

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