| CEO William McComb says Q4 to date, the company is posting significantly improved SSS results compared to the year to date trend as it has seen solid execution overall on the merchandising initiatives outlined on our August call. He said, "Although we expect the retail environment to demonstrate sustained volatility throughout the fourth quarter, we expect comparable store sales to be roughly flat overall in our Juicy Couture, Lucky Brand and Kate Spade brands and down approximately 10% in our Mexx brand. In our Partnered Brands segment, we expect that after factoring in the impact of transition costs in the fourth quarter, our recently announced licensing agreements with JC Penney and QVC will result in a dramatic shift in profitability for the Liz Claiborne brand wholesale business from a meaningful loss in 2009 to a profit in 2010." :theflyonthewall.com |
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