Liz Claiborne hired turnaround consultant Alvarez & Marsal, boosting fears that the struggling apparel company faces a do-or-die holiday season. The debt-ridden owner of Juicy Couture, Kate Spade and Lucky Brand jeans retained Alvarez & Marsal… more …

Perry Ellis' stock jumped more than 17 percent Wednesday as the Miami apparel company offered Wall Street investors hope that the worst of the recession has passed. more …