US-based women’s apparel conglomerate Liz Claiborne has posted “very strong second-quarter results”. A number of its brands reported sales growth. Net sales for the second quarter climbed 7.1 percent to $1.1 billion (£63 million). Meanwhile net proft grew 7 percent to $54 million from $51 million in the same period the year before.
Chairman and CEO Paul Charron said that the results were driven by “a balanced and diversified portfolio” as well as efficient implementation of important strategies. In addition, he said: “Our ability to successfully execute our multi-brand, multi-channel, multi-geography diversification strategy enabled us to achieve record sales and EPS, which exceeded the upper end of our forecasted range.”
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He pointed out that Mexx Europe, Juicy Couture, JH Collectibles, Axcess women’s and licensed DKNY Jeans wholesale apparel business, Liz Claiborne and licensed Kenneth Cole accessories wholesale non-apparel businesses, Mexx Canada and Lucky Brand retail businesses and licensing business performed very well.
