Women'S Clothing Manufacturers Suffered Heavy Losses
5.15, -0.22, -4.01%: Female
clothing
Manufacturer Liz CLaiborne Inc. (LIZ) shares fell 4%, Goldman Sachs downgraded LIZ from buy to neutral, Jones Apparel Group Inc. (JNY) was also downgraded, because the share price of LIZ and LIZ has risen to a reasonable level.
Women in recession
clothing
Manufacturers' share prices have been hit hard, because they may cut their spending for their children and family members, but the economy has recovered steadily in recent years.
clothing
Manufacturers' share prices rebounded strongly.
Jones Apparel Group Inc. announced a second quarter net profit growth of 20% in July, due to the company's cost reduction and closing the loss shop.
Liz Claiborne announced a second quarter loss, but better than market expectations.
Since the beginning of July, the stock price of Jones Apparel has risen 64%, and Liz Claiborne has risen 86%.
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