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Jill Granoff, executive vice president for the direct brands division of Liz Claiborne Inc., speaks in front of a screen displaying the logo of Lucky Brand Jeans during a meeting with analysts and investors in New York, Wednesday, July 11, 2007. Liz Claiborne Inc. May sell or discontinue 16 of about 40 brands, eliminate as much as 9 percent of its workforce and open more Juicy Couture and Kate Spade stores to reverse six straight quarters of lower profit. The maker of its namesake line of women's apparel may divest unprofitable department-store based brands such as Dana Buchman and Ellen Tracy with $800 million in annual sales. Get premium, high resolution news photos at getty