Liz Claiborne net sales go up 3% for full year 2006
01 Mar '07
4 min read
Mr. McComb continued, "Since joining in November, I have been extremely impressed by the tremendous talent I have found throughout the Liz Claiborne organization, as well as the Company's ability to successfully leverage its multiple brands, channels, and geographies to operate as both a wholesaler and a specialty retailer in a challenging retail environment. In 2007, we will build on our strengths to further enhance our long-term profitability and our competitive edge."
We are currently conducting a review of our operations to assess options to best allocate our resources to those businesses with the maximum potential for growth in sales and earnings. We have already begun to identify additional streamlining and reinvestment opportunities, focusing on our wholesale and corporate expense structure andon the refinement of our retail portfolio. We are prepared to commit the resources necessary to achieve our objectives. Rest assured, our business is quite solid and during this process, we will continue to capitalize on opportunities to grow our sales and earnings."
Mr. McComb concluded, "Looking ahead, we intend to focus on four important business drivers -- first and foremost, consistently creating irresistible product for our brands, building buzz and brand loyalty, evolving our supply chain capability to improve our competitive advantage, and focusing on talent. We look forward to sharing more of our plans with the investment community in the coming months."
The Company will sponsor a conference call at 10:00 am EST to discuss its fourth quarter and full year 2006 results. The dial-in number is 800-690-3108 with passcode 8374970. This call will be webcast to the general public and can be accessed via the Investor Relations section of the Liz Claiborne website. An archive of the webcast will be available through Wednesday, March 14, 2007. Additional information on the results of our operations is available on Form 10-K for the 2006 fiscal year, which will be filed today with the Securities and Exchange Commission.
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