Liz Clairborne's expansion plans

Liz Clairborne brands Juicy Couture and Kate Spade will are being targeted to be its main drivers of growth over the next three years. The company plans to invest around $400 million to open more stores, around 300 more stores in the next three years, in both the international and domestic arena. Japan and China are the hot markets that the company is keen on expanding to internationally. "It's about building powerful brands," said Chief Executive Bill McComb, who joined Liz eight months ago, in an interview at the company's analyst meeting in New York. "Power brands command high multiples and high multiple EPS growth."