Accounting
Running Head: Financial Statement Analysis
Liz Claiborne
Noemi Clemente
Instructor: Michelle Estevez
Florida National College
October 05, 2009.
Introduction
One of the purposes of this project is to compare and contrast the differences and similarities of Liz Claiborne for the last two years based in their income statements, financial ratios, and balance sheet. The reader would find information about the company and industry profile; therefore, this outline will show graphics to help you understand the situation and condition of this company at the stock market level. This study is based with the latest information of the corporation for the years 2007 through 2009.
Company Profile Liz Claiborne
Liz Claiborne Inc designs and markets a global portfolio of retail-based premium brands including Juicy Couture, Kate Spade, Lucky Brand Jeans and Mexx. In 1976, a relatively unknown dress designer, her textile-veteran husband and two partners established, Liz Claiborne Inc., a design-driven company that would revolutionize the fashion industry – from how women dress for work, to where product is source, to how it is sold into and at department stores. The concept was simple: Provide the ensemble-driven sportswear that had been available for many years at designer level prices through the likes of Calvin Klein and Bill Blass, but make it affordable for the working woman. Up until this point, department stores were by a large classification-oriented where pants, skirts and shirts were in a different department. Additionally, department store buyers were classified and not equipped to buy merchandise from one brand across product lines. The principal strategy for the last years is to perform a review of our operations to assets options that best evolve our strategy on sustainable, go-forward basics, also to reorganize the operations and management structure to reflect a brand-centric approach. The designed was to optimize the operational coordination
Liz Claiborne
Noemi Clemente
Instructor: Michelle Estevez
Florida National College
October 05, 2009.
Introduction
One of the purposes of this project is to compare and contrast the differences and similarities of Liz Claiborne for the last two years based in their income statements, financial ratios, and balance sheet. The reader would find information about the company and industry profile; therefore, this outline will show graphics to help you understand the situation and condition of this company at the stock market level. This study is based with the latest information of the corporation for the years 2007 through 2009.
Company Profile Liz Claiborne
Liz Claiborne Inc designs and markets a global portfolio of retail-based premium brands including Juicy Couture, Kate Spade, Lucky Brand Jeans and Mexx. In 1976, a relatively unknown dress designer, her textile-veteran husband and two partners established, Liz Claiborne Inc., a design-driven company that would revolutionize the fashion industry – from how women dress for work, to where product is source, to how it is sold into and at department stores. The concept was simple: Provide the ensemble-driven sportswear that had been available for many years at designer level prices through the likes of Calvin Klein and Bill Blass, but make it affordable for the working woman. Up until this point, department stores were by a large classification-oriented where pants, skirts and shirts were in a different department. Additionally, department store buyers were classified and not equipped to buy merchandise from one brand across product lines. The principal strategy for the last years is to perform a review of our operations to assets options that best evolve our strategy on sustainable, go-forward basics, also to reorganize the operations and management structure to reflect a brand-centric approach. The designed was to optimize the operational coordination
References: Warren, C., Reeve, J., and Duchac, J (2007). Accounting. 23rd ed South-Western, cengage learning in thousands except share data | January 3, 2009 | December 29, in thousands except share data | December 29, 2007 | December30,