Q1 financial results in-line with the guidance, Liz CEO
10 May '10
4 min read
Mr. McComb concluded, "The balance of the year remains a story of execution as we evolve our business models. At Juicy, Lucky, and kate, we continue to focus on growing our brand franchises through great product and marketing along with greater emphasis on direct to consumer and international channels of distribution. In our Partnered Brands segment, we remain on track for a smooth transition in the third quarter to the new licensing models with JCPenney for our Liz Claiborne and Claiborne branded products and QVC for our LCNY branded products. Finally, Mexx Europe remains our biggest challenge and our biggest opportunity. We are seeing some early indications that Mexx is heading in the right direction, but overall visibility will remain low until the second half when new product assortments are in our retail stores and the consumer feedback loop begins."
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