Jones Apparel news and archive

New Executive Vice President of Merchandising Nine West

The Jones Group Inc announced that it has appointed Sally Ross Executive Vice President of Merchandising for Nine West Direct, effective immediately. This addition further enhances the Company's in-house talent consistent with its commitment to establishing the leading portfolio of fashion brands in the industry. Ross' focus will be on leading...

Fashion

Dickson appointed CEO at Jones Apparel

Jones Apparel Group, Inc. today announced the appointment of Richard Dickson to the position of President and Chief Executive Officer - Branded Businesses of Jones Apparel Group, Inc., effective February 8, 2010. Concurrent with this appointment, Wesley Card's title will change from President and Chief Executive Officer to Chief Executive...

Fashion

Jones Apparel Group's revenue decline

Jones Apparel Group, designer and marketer of brands like Nine West, Easy Spirit, Jones New York reported its revenues for the second quarter of 2009 were $804 million, as compared with $829 million for the second quarter of 2008. The decrease in revenues of 3.1% was reflective of overall economic conditions that continue to affect retail sales...

Fashion

Barneys under Dubai ownership?

Luxury fashion retailer Barneys New York is close to finding a new owner. According to various media reports, owner Jones Apparel Group is close to an agreement to sell the retailer to Isithmar, the investment arm of the Dubai government for about $825 million. This is more than double the amount Jones Apparel Group paid for Barneys in 2004....

Fashion

Jones withdraws from sale

American Jones Apparel Group has announced that the company is no longer for sale. "The board has concluded that at this time the best alternative to maximize long-term shareholder value is to continue executing on the company's strategic business plan," Jones chief executive Peter Boneparth said in a statement. The fashion group, which owns...

Fashion

Jones Apparel profits plummet

US fashion group Jones Apparel has reported a 70 percent drop in first quarter profits due to the sale of the Polo Jeans business. Earlier this month it sold the license back to Polo Ralph Lauren. The group said it planned to use the proceeds of the sale to explore new strategies, including acquisitions. Excluding the effect of the sale,...

Fashion

Jones Apparel possibly for sale

US-based Jones Apparel Group said that it is contemplating selling the entire company. In a statement, the group said that, contrary to recent reports, it was not considering the "divestiture of any of its businesses or divisions". The group owns brands such as Jones New York, Gloria Vanderbilt and Anne Klein and operates retailers Nine West and...

Fashion

Q4 earnings soar at Jones Apparel

US fashion retail group Jones Apparel has seen its fourth-quarter earnings soar, but it full-year earnings take a dip.Earnings for the fourth quarter climbed 63 percent to $55.7 million (£32.1 million) from $34.1 million last year. Revenues for the quarter rose to $1.221 billion, compared with $1.08 billion during the same period last year....

Fashion

Jones Lowers Q4 Estimates

American Jones Apparel Group Inc has lowered its fourth-quarter earnings-per-share guidance to $0.28-$0.30 from a previous estimate of $0.40-$0.45. The company says it expects revenue will total around $4.65 billion for the full year, with earnings per share of between $2.39 and $2.41. Previous 2004 full year earnings-per-share guidance was...

Fashion

Barneys acquisition complete

Yesterday the US Jones Apparel Group Inc successfully completed its acquisition of the department store Barneys New York Inc. The transaction cost Jones $397.3 million (GBP215.5 million), which included $19 per common share to Barneys shareholders, amounting to a total of $291.3 million. Furthermore, Jones subsidized the repurchase of Barney...

Fashion

Jones buys Barneys

The shoes and clothing company Jones Apparel Group Inc. is buying upmarket department store Barneys New York Inc. for $106 million (GBP167.4 million) in cash. With this acquisition, Jones will enter the luxury retail arena. Jones is to pay Barneys' stockholders $19 per share and will take on approximately $106 million in Barneys debt. The deal...

Fashion

Takeover Hilfiger by Jones Apparel?

Jones Apparel Group, in the midst of a licensing battle with Polo Ralph Lauren, has held preliminary discussions to acquire Polo rival Tommy Hilfiger. No deal is imminent, and only informal discussions have taken place between the chief executives of the two companies The Wall Street Journal reported. Up till now both companies have declined to...