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prada outlet livermore Kate Spade brands. These are the brands that sell higher end clothing and non apparel accessories, jewelry and handbags.From the 2011 Q2 earnings report, LIZ had an operating loss on all of its segments. The Domestic Based Direct Brands segment had an operating loss of $42.5M in the first half of 2011, compared to $23.0M in first half of 2010. In Q2 2011, the operating loss was $23.6M, compared to a $13.1M operating loss in Q2 2010. These losses may continue.The Q3 loss will probably be worse compared to last year, as holiday sales are looking to slump. This article from the WSJ shows that port shipments are much lower this year so far.Much of the extra expenses in the first half of 2011 was associated with streamlining initiatives like termination fees and such. However, there also was an increase in payroll expenses. Since the company is now much smaller, the officers should get paid less. Although the company is now cut in half, there has been no indication that the board of directors or executives will get a pay cut.Interest expense decreased to $29.8M for the six months ended July 2, 2011, compared to $34.5M for the six months ended July 3, 2010. This will further be decreased in Q3 2011 as debt paydowns have been happening throughout the year. This is a good thing for LIZ.LIZ recently sold its lower end brands, including the Liz Claiborne brand to JC Penny JCP, for $328M in cash. McComb said that the company expects 2011 net debt to total $270 million to $290 million after closing on its transactions. The company had just over $548 million in long term debt at the end of its fiscal second quarter. This means that substantially all of the proceeds of the business segment sales will be used to pay off debt, and almost none of it will be used for growth of its remaining brands. I'm not sure if this is a smart move. To ensure that its Domestic Based Direct Brands come out with stronger growth, money might need to be thrown in that direction. In business, it's important to spend money to make money.As stated in the Q2 earnings report found here, on April 7, 2011, LIZ completed an offering of Senior Notes with an interest rate per annum of 10.5%. LIZ also has notes with an