Writedowns Drag Liz To $829 Million Loss, More Expected in ’09

No cover image


After posting a fourth-quarter loss of $828.9 million, mainly due to a goodwill writedown, Liz Claiborne Inc. is expecting further losses in the first half of 2009 and is eyeing additional cost cuts.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Bill Clinton and Eileen Guggenheim


Going Ga-Ga for Bill Clinton at the Tribeca Ball

Socials swoon as ex-president charms.

clock March 3, 2009WWD Staff

Reebok’s latest collaboration with Cirque du Soleil.

Business Features

Adidas Profits Leap 151 Percent

Lower expenses boosted fourth-quarter gains for Adidas, but the sporting goods maker warned sales and profits would decline this year.

clock March 4, 2009Ellen Groves

Liz Claiborne’s new shop-in-shop in Macy’s Herald Square, which opened this week.


Writedowns Drag Liz to $829M Loss

After posting a fourth-quarter loss of $828.9M, Liz Claiborne expects further “meaningful” losses in ’09.

clock March 4, 2009Whitney Beckett

Sculpted red shoes will be labeled Salvatore Ferragamo for Yohji Yamamoto

Business Features

Yamamoto, Ferragamo Collaborate on Shoes

Japanese designer to unveil collaboration at his Paris show on Friday.

clock March 4, 2009Alessandra Ilari


Retail Shares Post Gains Wednesday

On Wednesday, industry stocks break two-day losing streak with 2.7 percent advance.

clock March 4, 2009Arnold J. Karr and Liza Casabona

A look from Multiples, a division of Sharon Young.

Business Features

Against the Odds: Sharon Young’s Success Strategy

While other fashion firms are slimming down, Dallas fashion firm Sharon Young is growing.

clock March 5, 2009Holly Haber

The SHOP Lounge at FIG.

Ready To Wear

Corey Lynn Calter to Headline at FIG

Fashion Industry Gallery taps Corey Lynn Calter as its guest designer for fall market, March 12-14.

clock March 5, 2009Holly Haber

A rendering of the Park Lane development opening next month.

Marketing and Promotion

Projects Opening in Dallas Despite Economy

Three major properties will open phases this year in Dallas.

clock March 5, 2009Holly Haber

Olafur Eliasson in front of his yellow work.


Dallas Scene: Arts and Eats

If the destination is Dallas, an Olafur Eliasson exhibit is showing this month and Wolfgang Puck has opened a new restaurant.

clock March 5, 2009Holly Haber

The atrium at the World Trade Center.


Dallas Market Calendar

Dallas Market Center Apparel, Accessories and Total Home and Gift Show March 12-15, World Trade Center and Trade Mart.

clock March 5, 2009WWD Staff

Prospect Denim is opening a showroom at the DMC.

Business Features

Dallas Market Center Touts ‘One-Stop Shopping’

The annual market in Dallas opens the doors on 1 million square feet of fashion and accessory exhibits.

clock March 5, 2009Holly Haber

JA Apparel kicked off its license in China with a runway show last year

Business Features

Amid Recession, Licensing Business Slows

Rules are changing for one of fashion’s biggest moneymakers: licensing.

clock March 5, 2009Brenner Thomas and Whitney Beckett

Joseph Abboud

Fashion Features

Black Brown 1826 Hitting the Runway

L&T promotes, expands proprietary brand designed by Abboud.

clock March 5, 2009Brenner Thomas

Domenico Spano will be feted with a dinner at Saks tonight.


Saks Honors Domenico Spano, Legendary Tailor

A maestro of custom clothing, Domenico Spano will be honored with Saks Fifth Avenue’s Men’s Wear Icon Award.

clock March 5, 2009Jean E. Palmieri

This tuxedo from the Capitol Collection is an off-the-rack version of what Obama will reportedly wear during the Inaugural Ball.


Hartmarx Seeks to Be Sold Intact

Hartmarx ceo said those waiting to buy a brand or two may be disappointed.

clock March 5, 2009Vicki M. Young and Brenner Thomas

The London store

Designer and Luxury

More Margiela, Less Martin

How’s this for conceptual: Despite a grim economic climate, Martin Margiela’s freestanding stores and corners in Paris logged a 21 percent sales increase.

clock March 5, 2009Miles Socha



WWD List: On the Radar

Major retailers who have recently generated the highest amounts of buzz from females ages 18-34.

clock March 5, 2009Cecily Hall

Government and Trade

Labor Groups Ramp Up for Union Organizing Bill

Labor groups cite new study on workers illegally fired during union campaigns.

clock March 5, 2009Kristi Ellis

Dr. Nieca Goldberg; Dr. Yu Chen, associate professor, NYU School of Medicine, and Jane Chestnutt.


Macy’s Raises $800K for ‘Go Red’

A Macy’s sponsored luncheon at the Waldorf Astoria helps fight heart disease.

clock March 5, 2009David Moin


Memo Pad: Confusion at Pop Magazine… Blogging Back…

Bauer Media’s newly relaunched Pop magazine named a starry editorial board last week, but the roles and players are still unclear.

clock March 5, 2009WWD Staff

Serena Williams

Human Resources

Mission Skincare Fetes Serena Williams

Since recently signing Serena Williams as a spokeswoman, Mission Skincare also signs pro golfer Sergio Garcia as spokesman.

clock March 5, 2009Matthew W. Evans


Helen of Troy Buys Infusium 23

Helen of Troy acquires hair care brand Infusium 23 from Procter & Gamble for undisclosed sum.

clock March 5, 2009Andrea Nagel


Symrise ’08 Net Income Drops 7 Percent

Symrise reports its full-year 2008 net income decreased by 7 percent, while stating core business is ‘robust and stable.’

clock March 5, 2009Susan Stone


UNITE HERE Breakup Supporters File Suit

Officers of UNITE HERE accuse John Wilhelm of violating their freedom of speech.

clock March 5, 2009Matthew Lynch and Liza Casabona


Maidenform Fourth-Quarter Net Falls

Innerwear maker Maidenform net falls, but beats analysts’ projections.

clock March 5, 2009Alexandra Steigrad


Daily Stock Wrap: March 4, 2009

The day’s gainers and losers.

clock March 5, 2009WWD Staff

Net-a-porter unveils discount outlet.


Net-a-Porter Launches Discount Site

TheOutnet to serve as online outlet.

clock March 5, 2009Samantha Conti

A plethora of products on eBay.


Luxury Players Battle Changes in Online Rules

European regulations could affect luxury firm’s ability to choose where and how their products are sold in the Internet age.

clock March 5, 2009Ellen Groves

Colin Hanks at Bond 45 restaurant.


Rising Son: Actor Colin Hanks’ Many Variations

Colin Hanks enthuses about his Broadway debut in ’33 Variations.’

clock March 5, 2009Vanessa Lawrence

Tina Turner


Fashion Playlist: Milan

London may have gone after the Nineties, but runway soundtracks in Milan either quoted, referenced, remixed or covered songs from the Eighties.

clock March 5, 2009Rachel Mascetta

Vanilla Star’s fall ads will feature Kate Voegele.


Junior Market Braces for B-t-s

Junior sportswear vendors should hold on tight. The upcoming back-to-school season is sure to be the bumpiest ride yet.

clock March 5, 2009Julee Kaplan

The Fashionology Web store.


Fashionology Boutique Gets Crafty Online

Fashionology has moved its tween fashion-craft-party concept online.

clock March 5, 2009Cate T. Corcoran

Heal’s cashmere jersey parrot dress

Designer and Luxury

Talent Contest: New Designers at Paris Fashion Week

An inspiring crop of first-timers at Paris Fashion Week are rising to the challenge.

clock March 5, 2009WWD Staff

Inside the Dior flagship on Avenue Montaigne in Paris.

Designer and Luxury

Dior’s New Course

Christian Dior ramps up luxury quotient despite economic downturn.

clock March 5, 2009Miles Socha

John Galliano and model

Designer and Luxury

Down to the Wire: Designers Ready for Paris Fashion Week

Designers from John Galliano to Karl Lagerfeld gear up for the runways.

clock March 5, 2009WWD Staff

The Gansevoort Hotel is opening hotels in Turks and Caicos.

Fashion Scoops

Galloping Gansevoort… Nicole Kidman to Placido Domingo… Alber’s Take…

The Gansevoort Hotel Group is hoping that the weak economy will mean folks will want to escape even more.

clock March 5, 2009WWD Staff

Views of the new Roberto Cavalli boutique.


Roberto Cavalli Opens Paris Flagship

“I’m a firm believer that there’s no success without excess,” says designer Roberto Cavalli.

clock March 5, 2009Alessandra Ilari and Katya Foreman


Today's Must Read

The New York Times podcast The Daily has grown significantly.


Host of NYT Podcast 'The Daily' Apologizes for Actions Around…

clock January 16, 2021Kali Hays

Social Studies

WWD logo Global Stock Index

Business Page right arrow