Liz Claiborne

Retailer Liz Claiborne plans to reveal initiatives of a strategic review of operations on July 11th. The review is in light of disappointing first quarter results, which included a 65% decline in earnings. Cutbacks are speculated to result in the loss of as many as 1,700 jobs, 10% of Liz Claiborne's existing workforce. Another initiative may result in selling off a business unit(s) or brand(s); aside from its own brand name, Liz Claiborne operates stores and holds several brands including Juicy Couture (27 stores), Lucky Brand (138 stores), Kate Spade (23 stores), Mexx (4 stores), Sigrid Olsen (55 stores), Laundry by Shelli Segal (two stores), Dana Buchman (four stores), Ellen Tracy and Emma James. By: Sasha M. Pardy.