Liz Claiborne Inc. reported a fourth-quarter loss of $435.7 million, or $4.55 a share, driven by a goodwill write-down of $451 million.
Sales for the quarter slipped 3 percent to $1.21 billion from $1.25 billion.
For the year, the company lost $372.8 million, or $3.74 a share, down from a profit last year of $254.7 million. Sales for the year fell to $4.58 billion from $4.64 billion.
For complete coverage, see Friday’s issue of WWD.