1.) Since arriving at Liz Claiborne eight months ago, William L. McComb, one of the youngest and least-experienced chief executives in the fashion industry, has outlined a radical plan for weaning the company off its reliance on department stores like Macy’s by building hundreds, if not eventually thousands, of its own retail stores.
2.) The Liz Claiborne that Mr. McComb inherited was, according to its detractors, a bloated giant perpetually trying to digest its latest acquisition.
3.) Last year, when Liz Claiborne’s board of directors approached Mr. McComb, then a division president at Johnson & Johnson, about taking the chief executive job, they told him they wanted a change. Mr. McComb, the only outside candidate presented to the full board, faced a single internal candidate, Trudy Sullivan, who was president of the company (and has since left to become chief executive of Talbot’s). At several junctures, Mr. McComb broke off the negotiations and appeared to walk away, according to people briefed on the matter, and the search dragged on for 10 months.
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Liz Claiborn, Inc. - Ryan MacKinnon
1) On July 7 2007 Liz Claiborne company planned on cutting 600 to 800 jobs so they could cut costs because of the downturn in its department store sales and also get rid of half its brands
http://www.just-style.com/article.aspx?id=97880
2) In early January of this year Michael Scarpa was promoted from Chief Financial Officer to the post of chief operating officer. "Scarpa will continue to be responsible for its finance, distribution and logistics organizations, but will add manufacturing, sourcing and information systems to current duties".
http://www.reuters.com/article/companyNewsAndPR/idUSN3130833820070131
3) The company recorded revenues of $4,994.3 million during the fiscal year ended December 2006, an increase of 3% over 2005.
http://www.computerwire.com/companies/company/?pid=ED1B5451-8C73-41FE-8EBA-83A062842A3F
"As of December 30, 2006, the company operated 399 specialty retail formats, 625 concessions, 336 outlets, and 13 e-commerce sites."
http://biz.yahoo.com/cc/3/86673.html
Deborah Lloyd was appointed Co-president and creative director which will be effective November 1, 2007.
http://biz.yahoo.com/prnews/071011/nyth070.html?.v=101
Liz Claiborne is available domestically and internationally.
http://biz.yahoo.com/prnews/071011/nyth070.html?.v=101
1.Liz Claiborne includes a lot of different brands that not everyone realizes, such as; Ellen Tracy, Laundry, Liz & Co., Concepts by Claiborne, Kate Spade, and Dana Buchman
2.Not only does Liz Claiborne make women’s apparel but Liz Claiborne also makes men's clothing and licenses its name for shoes, sunglasses, swimwear, formalwear, home furnishings, and stationery.
3.Liz Claiborne’s biggest rivals are Benetton, Jones Apparel and Polo Ralph Lauren, which are high end products just like Liz Claiborne’s.
http://premium.hoovers.com/subscribe/co/factsheet.xhtml?ID=13977
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