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Liz Claiborne Expects More Loss; Shares Fall
There isn't much to look forward to these days at Liz Claiborne(LIZ Quote), maker of Juicy Couture, Lucky Brands and Kate Spade.
The apparel maker widened its loss in the first quarter and said it expects to continue to record a loss in the second quarter, sending its shares tanking 18% to $4.75 in morning trading.
Liz Claiborne saw a loss of $91.4 million, or 97 cents a share, from a loss of $31 million, or 33 cents, in the same quarter last year. ...
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