Liz Claiborne swings to Q4 profit on sale of brands, but revenue down
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New York City -- Liz Claiborne Inc. swung to a fourth-quarter profit, buoyed by gains from sales of certain brands and trademarks, including the sale of its namesake brand to J.C. Penney. But the company's total revenue came in well below expectations, hurt by the faltering performance of its Juicy Couture division. Liz Claiborne, which is being renamed Fifth & Pacific Cos. as it focuses on its Juicy Couture, Kate Spade and Lucky Brand brands, earned $229.2 million in the quarter ended Dec. 31, compared with a loss of $30.1 million in the same period last year. Revenue decreased
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