Liz Claiborne (LIZ) shares sag after the maker of Lucky Brand jeans and Kate Spade handbags cuts...

|About: Kate Spade & Company (KATE)|By:, SA News Editor

Liz Claiborne (LIZ) shares sag after the maker of Lucky Brand jeans and Kate Spade handbags cuts its second-half outlook on the heels of disappointing December sales. The company projects second-half income to increase $40M-$50M, down from its previous guidance of an $80M increase. LIZ -19.4% premarket. (PR)