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What: Shares of retailer Liz Claiborne
So what: Operating income is now expected to improve by $40 million to $50 million, instead of the $80 million previously expected, for the second half of 2010. The reduction is because of falling same-store sales at Juicy Couture, Lucky Brand, and Mexx Europe.
Now what: Juicy Couture's tracksuits are stuck on the shelves despite retail in general improving in recent months. After Liz Claiborne posted big losses for most of the year, its turnaround is slower than most investors expected, and I see no reason to jump on the shares here. There are better names in the retail space, like Aeropostale
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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