Company Profile For Liz Claiborne Inc.

Liz Claiborne, Inc. (LizClaiborne), incorporated in January 1976, designs and markets a global portfolio of retail-based brands, including JUICY COUTURE, KATE SPADE, LUCKY BRAND JEANS and MEXX. It also have a group of department store-based brands with strong consumer franchises, including the LIZ CLAIBORNE and MONET families of brands, MAC & JAC, KENSIE and DANA BUCHMAN and the licensed DKNY JEANS, DKNY ACTIVE and DKNY MENS brands. The three segments of the Company are Domestic-Based Direct Brands segment, International-Based Direct Brands segment and Partnered Brands segment. On January 17, 2008, the Company entered into a license agreement with Kohl’s Corporation (Kohl’s), naming Kohl’s as the exclusive retailer of its DANA BUCHMAN brand. In April 2008, the Company completed the sale of substantially all of the assets and liabilities of the Ellen Tracy brand.

BRIEF: For the twenty six weeks ended 4 July 2009, LizClaiborne, Inc.'s revenues decreased 29% to $1.46B. Net loss from cont. ops. totaled $164.1M up from $21.5M. Revenues reflect decreased sales from Direct Brands segment. Net loss also reflects lower gross margins, the presence of goodwill impairment expenses and increased net interest expense due to increased amortization of bank fees and an increase in interest rates.