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Closing Glance: Apparel makers slip despite labor cost data



By AP
07 May 2008 @ 04:12 pm EST

NEW YORK - Shares of apparel makers ended slightly down Wednesday, while the broader market declined sharply as the price of oil hit yet another record high, sparking new fears about inflation.

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Quotes
JNY 15.22 -0.91
VFC 69.9 -2.51
RL 55.2 -2.79
LIZ 13.66 -0.44

SYMBOL LOOKUP

Apparel makers had been moving higher earlier in the session, after a Labor Department report showed first-quarter labor costs rose at a slower pace than 2007 fourth quarter, but gave up those gains as the market turned down.

Here is a look at how some apparel makers performed:

Jones Apparel Group Inc. fell 28 cents to $16.87.

VF Corp. lost 40 cents to $74.55.

Polo Ralph Lauren Corp. gave up 85 cents to $59.88.

Liz Claiborne Inc. slipped 10 cents to $18.47.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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