Liz Claiborne forecasts wider loss in an uncertain environment

When a company decides to warn investors about earnings, let's just say there's never really a good time for it, but some days seem just worse than others.

A day after Eddie Bauer Holdings Inc. (EBHI) filed for Chapter 11 bankruptcy protection and Abercrombie & Fitch (ANF) announced plans to shutter its struggling 29-store Ruehl chain, Liz Claiborne Inc. (LIZ) projected a wider second-quarter loss than analysts forecast. LIZ shares plunged on the news.