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Article: LIZ CLAIBORNE ANNOUNCES PROGRAM TO RE-DEPLOY FUNDS
- Article from:
- PR Newswire
- Article date:
- August 25, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Aug. 25 /PRNewswire/ -- Liz Claiborne, Inc. (NYSE: LIZ) announced today that consistent with the Company's strategy of reallocating funds to enhance productivity, the trade discount for Lizwear, Lizsport, Collection, Petites, Liz & Co., Liz Claiborne Dresses and Elisabeth will return to the industry standard of eight percent, effective January 1, 1996. For several years, Liz Claiborne, Inc. has been offering ten percent terms for the core Sportswear, Dresses and Elisabeth businesses, a generous rate unmatched among the major women's apparel companies.
Commenting on the announcement, Paul R. Charron, president and CEO of Liz Claiborne, Inc., said, "The ...