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original prada bags the new resizing efforts just yet. But in July, the company announced plans to close an Ohio distribution center that had about 600 workers. Penney Co. for about $288million. The Liz Claiborne brands include Liz Claiborne, Claiborne, Liz, Liz Co., Concepts by Claiborne, LC, Elizabeth, LizGolf, LizSport, Liz Claiborne New York LCNY and Lizwear brands.It is also selling the Kensie brands which includes Kensie, Kensiegirl and Mac Jac to Bluestar Alliance and completed the sale of its Dana Buchman brand to Kohl's Corp. on Monday, with both transactions bringing in proceeds of about $40 million.Liz Claiborne expects to generate about $328 million from its sales of the Liz Claiborne and other brands. It anticipates using its proceeds to lower debt further.The transactions are just the latest maneuvers Liz Claiborne has made to dig itself out from under its debt. In August the company announced that it sold trademarks for the Curve fragrance and some smaller brands to Elizabeth Arden for $58.4 million in cash. And last month Liz Claiborne said it was selling its Mexx business to a joint venture led by the private equity firm The Gores Group. The company said the deal would give it $85 million and an 18.75 percent equity stake in the joint venture.The market supported the surprise announcement, sending Liz Claiborne's stock up $1.64, or 32.2 percent, to $6.74. The shares have traded between $4.02 and $7.90 over the last year.Liz Claiborne hitAs consumers curtail spending, retailer Liz Claiborne is paying the price.The company, whose brands include Juicy Couture, Kate Spade handbags, Lucky Brand and Mexx, reported a quarterly loss of $31 million, vs. a year ago profit of $16.2 million.The retailer, which also owns department store brands like Liz Claiborne, Enyce and Narciso Rodriguez, lowered its full year profit forecast as department stores and retail chains lower prices to lure shoppers.Struggling amid a weak economy, the apparel maker has cut 1,300 jobs, including 25% of its executive positions, and closed three distribution centers.Its stock, down 9.7% this year before yesterday, gained 38 cents to $18.75.Most PopularMost Read Most Shared 1 Woman 'brain dead' after brutal