Dow goes up, but apparel stocks slide while bad news deepens at Leslie Fay

Clothing manufacturing firms' stocks have been adversely affected by the Leslie Fay Cos accounting scandal and the subsequent drop in its stock price. Liz Claiborne Inc dropped 10.4%, Jones Apparel Group declined 17.3% and He-Ro Group fell 25.5% during that same period. Some analysts put the blame on the Leslie Fay situation, while others believe that it may only be part of the problem. Some smaller firms waiting to go public may have to wait until recent problems are better.
NEW YORK -- In the midst of the Leslie Fay debacle, the price of fashion stocks have taken a hit. Between Feb. 1, when the company's accounting scandal was revealed, [...]