BNET Industries

Jones Apparel Group Inc.

(JNY) is in the Manufacturing Industry

Market Cap:$1.3B
Last Fiscal Year Sales:$3.6B
  • Public
  • US
Dow Jones Description

Jones Apparel Group, Inc. is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The Company also markets directly to consumers through its chain of specialty retail and value-based stores. The Company?s nationally recognized brands include Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le Suit. The Company also markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation, footwear under the Dockers Women brand licensed from Levi Strauss & Co., and apparel under the Rachel Roy brand licensed from Rachel Roy IP Company, LLC. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel and target consumer. The Company contracts for the manufacture of its products through a worldwide network of quality manufacturers. The Company has capitalized on its nationally known brand names by entering into various licenses for several of its trademarks, including Jones New York, Evan-Picone, Anne Klein New York, Nine West, Gloria Vanderbilt and l.e.i., with select manufacturers of women?s and men?s products which the Company does not manufacture. For more than 30 years, the Company has built a reputation for excellence in product quality and value, and in operational execution.

Chief Executive Officer, Footwear, Accessories and Retail
Andrew Cohen
Number of Employees 7,925
Contact Information

180 Rittenhouse Circle

Bristol, Pennsylvania 19007

www.jonesappare...

215-785-4000

NAICS Code Women's and Girls' Cut and Sew Blouse and Shirt Manufacturing: 315232

Recent Events

  • Jones Apparel profit rises amid sales shortfall

    10/28/09 - Site Opening - View Story

  • Visa Sales Rises 10%; ConocoPhillips Net Drops

    10/29/09 - Financial Announcement - View Story

  • Analyst downgrades Jones Apparel, Liz Claiborne

    9/28/09 - Bond / Stock Rating - View Story

  • Goldman Sachs Downgraded Jones Apparel JNY and Liz Claiborne LIZ to Neutral

    9/28/09 - Bond / Stock Rating - View Story

  • Jones Apparel Net Rises on Margins

    7/29/09 - Financial Announcement - View Story

  • Jones Apparel Group, Inc. to Release Second Quarter 2009 Financial Results on July...

    7/13/09 - Financial Announcement - View Story

  • Jones Apparel Group raises stake in GRI Group

    6/24/09 - Merger / Acquisition - View Story

  • Jones Apparel CEO sees stabilization

    6/11/09 - Financial Announcement - View Story

News & Analysis

investment and jones apparel group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Andrew Cohen Chief Executive Officer, Footwear, Accessories and Retail
Jack Gross Chief Executive Officer, Denim and Junior Businesses
Jay Friedman Chief Executive Officer, Company-Owned Retail Footwear & Apparel
Wesley R. Card President & Chief Executive Officer
Christopher R. Cade Chief Accounting Officer, Executive Vice President & Controller
John T. McClain Chief Financial Officer
Aida Tejero-DeColli Executive Vice President, HR
Cindy Hackney-DiPietrantonio Executive Vice President, Customer Relations & Corp Credit
Doug Means Executive Vice President, Corp Supply Chain & Logistics
Ira M. Dansky Executive Vice President, General Counsel and Secretary
Martin Marlowe Executive Vice President, Manufacturing, Foreign
Mike Kauffman Executive Vice President, Distr Operations
Patrick Farrell Executive Vice President
Ronald Harrison Executive Vice President, Domestic Manufacturing
Stacy Lastrina Executive Vice President, Marketing
John Sammaritano Senior Vice President, Sales & Distr
Stacy Fontana Vice President, Talent Resources
Sidney Kimmel Founder
Joseph T. Donnalley Treasurer & Senior Vice President, Coporate Taxation & Risk Management

Board of Directors

Name (plus bio) Position
Ann N. Reese Board of Directors
Donna F. Zarcone Board of Directors
Gerald C. Crotty Board of Directors
J. Robert Kerrey Board of Directors
Lowell W. Robinson Board of Directors
Margaret H. Georgiadis Board of Directors
Matthew H. Kamens Board of Directors
Robert L. Mettler Board of Directors

Mr. Cohen was named Chief Executive Officer - Wholesale Footwear and Accessories in April 2006 and also assumed responsibility for Company-owned retail footwear and apparel in April 2007. He served as President - Wholesale Footwear and Accessories from January 2006 until April 2006. He was the Group President of the Energie and l.e.i. Divisions from May 2004 to January 2006 and President of the Energie Division from July 2001 until May 2004.

Organization Position Status
Jones Apparel Group, Inc. Chief Executive Officer, Footwear, Accessories and Retail Current
Jones Apparel Group, Inc. President, Energie Division Former

Organization Position Status
Gloria Vanderbilt Apparel Corporation CEO Current
Jones Apparel Group, Inc. Chief Executive Officer, Denim and Junior Businesses Current
Jones Apparel Group, Inc. President,Gloria Vanderbilt Apparel Corp. Former
Jones Apparel Group, Inc. Chief Operating Officer, Gloria Vanderbilt Division Former

Organization Position Status
Jones Apparel Group, Inc. Chief Executive Officer, Company-Owned Retail Footwear & Apparel Current
Jones Apparel Group, Inc. President, Company-Owned Retail Footwear & Apparel Former

Mr. Card was named our President and Chief Executive Officer on July 12, 2007. Mr. Card had been our Chief Operating Officer since March 2002. He had also been appointed Chief Financial Officer in March 2007, a position he previously held from 1990 to March 2006.

Organization Position Status
Jones Apparel Group, Inc. President & Chief Executive Officer Current
Jones Investment Co., Inc. President Current
Jones Apparel Group, Inc. Board of Directors Current
Steve Madden, Ltd. President Former
Jones Apparel Group, Inc. CFO & COO Former
Steve Madden, Ltd. Director Former
American University CPA Former

Mr. Cade became our Executive Vice President, Chief Accounting Officer and Controller on December 17, 2007. Prior to joining Jones, he served as Senior Vice President, Chief Accounting Officer and Controller of Realogy Corporation (formerly Cendant Corporation), a position he assumed in August 2006. Mr. Cade served as Vice President, Corporate Finance, of Cendant Corporation from June 2004 through July 2006. He also served as Director, Corporate Accounting and Reporting, of Public Service Enterprise Group, where he was employed from October 2002 to June 2004.

Organization Position Status
Jones Apparel Group, Inc. Chief Accounting Officer, Executive Vice President & Controller Current

Mr. McClain became our Chief Financial Officer on July 16, 2007. Prior to joining Jones, Mr. McClain served as Chief Accounting Officer of Avis Budget Group, Inc. (formerly Cendant Corporation), a position he assumed in July 2006. From 1999 to July 2006, Mr. McClain served as Senior Vice President, Finance and Corporate Controller for Cendant Corporation.

Organization Position Status
Jones Apparel Group, Inc. Chief Financial Officer Current
SIRIUS Satellite Radio Inc. chief accounting officer Former
Avis Budget Group, Inc. Senior Vice President, Finance & Controller Former
SIRIUS Satellite Radio Inc. vice president Former
ITT Corporation director of accounting Former
ITT Corporation assistant controller Former

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President, HR Current

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President, Customer Relations & Corp Credit Current

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President, Corp Supply Chain & Logistics Current

Mr. Dansky has been our General Counsel since 1996 and our Secretary since January 2001. He was appointed as Executive Vice President in March 2002.

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President, General Counsel and Secretary Current

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President, Manufacturing, Foreign Current

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President, Distr Operations Current

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President Current
Victoria + Co. Ltd. Vice President, Finance & Admin Current
Jones Apparel Group, Inc. Corporate Controller Former

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President, Domestic Manufacturing Current

Organization Position Status
Jones Apparel Group, Inc. Executive Vice President, Marketing Current
Nine West Group, Inc. Vice President, Corp Marketing Current

Organization Position Status
Jones Apparel Group, Inc. Senior Vice President, Sales & Distr Current

Organization Position Status
Jones Apparel Group, Inc. Vice President, Talent Resources Current

Mr. Kimmel founded the Jones Apparel Division of W.R. Grace & Co. in 1970. Mr. Kimmel has served as our Chairman since 1975 and served as our Chief Executive Officer from 1975 to May 2002.

Organization Position Status
Jones Apparel Group, Inc. Founder Current
Jones Apparel Group, Inc. Chairman Current
Jones Apparel Group, Inc. Chief Executive Officer Former
W.R. Grace & Company Former

Mr. Donnalley has served as our Senior Vice President, Corporate Taxation and Risk Management since June 2002. He was named Treasurer in June 2007. He previously served as Vice President, Corporate Taxation and Risk Management.

Organization Position Status
Jones Apparel Group, Inc. Treasurer & Senior Vice President, Coporate Taxation & Risk Management Current

Ms. Reese co-founded the Center for Adoption Policy in New York in 2001 and is currently its Executive Director. Prior to co-founding the Center, Ms. Reese served as a principal with Clayton, Dubilier & Rice, a private equity investment firm, from 1999 to 2000, and as Executive Vice President and Chief Financial Officer of ITT Corporation from 1995 to 1998. Ms. Reese also serves on the Board of Directors of Xerox Corporation and Sears Holdings Corporation.

Organization Position Status
Jones Apparel Group, Inc. Board of Directors Current
Maxwell Shoe Company Inc. Director Current
Sears Holdings Corporation Board of Directors Current
Clayton, Dubilier & Rice, Inc. Chief Financial Officer Former
Clayton, Dubilier & Rice, Inc. Executive Vice President Former
Center for Adoption Policy Co-Founder Former
Clayton, Dubilier & Rice, Inc. Principal Former

Organization Position Status
Wrightwood Capital Board of Directors Current
The Chicago Network Board of Directors Current
Commercial Club of Chicago Board of Directors Current
Jones Apparel Group, Inc. Board of Directors Current
CIGNA Corporation Board of Directors Current
Mycigna Director Current
The Advisory Council Member Current
Harley-Davidson Financial Services, Inc. President Former
Harley-Davidson Financial Services, Inc. Chief Operating Officer Former
Economic Club of Chicago Chair Former
University of Chicago Graduate School of Business Masters of Business Administration Degree Former
Illinois State University Bachelors of Science Degree In Accounting Former

Organization Position Status
Core Technology Services Member of the Board Current
Rockland Capital Energy Investments, LLC Vice-Chairman Current
Norbelle, LLC Board of Directors Current
Jones Apparel Group, Inc. Board of Directors Current
Access Integrated Technologies, Inc. Board of Directors Current
ITT Corporation President Former
Hawkins Delafield & Wood Llp Former
Rockland Capital Energy Investments, LLC Board of Directors Former
New York Law School J.D. Former
Fordham University B.A. Former

J. Robert "Bob" Kerrey has been the President of New School University since 2001. From January 1989 to December 2000, he was a U.S. Senator for the State of Nebraska. Kerrey was a democratic candidate for President in 1992. From January 1982 to December 1987, Kerrey served as Governor of Nebraska. Prior thereto, Mr. Kerrey was an independent businessman and founder of a chain of restaurants and health clubs. Kerrey served in Vietnam as a Navy SEAL from 1966 to 1969, for which he received the Congressional Medal of Honor. He serves on the boards of Jones Apparel Group, Inc. and Tenet Healthcare Corporation. Kerrey received a B.S. in Pharmacy from the University of Nebraska.

Organization Position Status
Frank Murphy Committee Member Current
Tenet Healthcare Corporation Board of Directors Current
Echelon Event Management, LLC Board of Directors Current
Jones Apparel Group, Inc. Board of Directors Current
Tenet Healthcare Corporation Quality, Compliance & Ethics Committee Member Current
The New School President Former
United States, Inc. Senator Former
Tenet Healthcare Corporation Director Former
University of Nebraska Degree In Pharmacy Former

Mr. Robinson served as the Chief Financial Officer and Chief Operating Officer of MIVA, Inc., an online advertising network, from August 2007 through March 2009. He joined MIVA in 2006 as Chief Financial Officer and Chief Administrative Officer. He previously served as the President of LWR Advisors from 2004 to 2006, as Special Counsel (and Interim Chief Financial Officer) to the President of Polytechnic University from 2002 to 2004 and as Chairman of the Audit Committee and Special Independent Committee of the Board of Edison Schools from 2002 to 2003. From 2000 to 2002, he served as the Senior Executive Vice President and Chief Financial Officer of HotJobs.com. Previously, he held senior financial positions at ADVO Inc., Kraft Foods, Inc. and Citigroup Inc. Mr. Robinson also serves on the Board of Directors of International Wire Group, Inc. and on the Board of Directors of the University of Wisconsin School of Business.

Organization Position Status
Jones Apparel Group, Inc. Board of Directors Current
Polytechnic University President Former
Hotjobs.Com, Ltd. Chief Financial Officer Former

Ms. Georgiadis has served as a Principal at Synetro Capital, LLC, a private investment firm, since January 2009. From 2004 to 2008, she served as the Executive Vice President of Card Products and Chief Marketing Officer of Discover Financial Services. Prior to joining Discover, she was a Partner at McKinsey & Company from 1990 to 2004, where she co-led the Marketing and Retail Practices and founded the Customer Acquisition and Management and Retail Marketing Practices. Ms. Georgiadis serves on the Board of Directors of NorthShore University HealthSystem.

Organization Position Status
Jones Apparel Group, Inc. Board of Directors Current
Discover Financial Services LLC Chief Marketing Officer & Executive Vice President, Card Products Former
Customer Acquisition Co-Founder Former
McKinsey & Company, Inc. Former

Organization Position Status
Wolf, Block, Schorr & Solis-Cohen LLP Of Counsel Current
Silvercrest Asset Management Group LLC Board of Directors Current
Jones Apparel Group, Inc. Board of Directors Current
American College of Trust and Estate Counsel fellow Former
Wolf, Block, Schorr & Solis-Cohen LLP Chairman Former
Franklin & Marshall College Jd With Honors from Columbia Former

Mr. Mettler was President of Special Projects of Macy's, Inc. from February 2008 until his retirement in January 2009. He previously served as Chairman and Chief Executive Officer of Macy's West, a division of Macy's, Inc., from 2002 to 2008 and as President and Chief Operating Officer of Macy's West from 2000 to 2002. Prior to joining Macy's, Mr. Mettler held various executive positions in the retail industry, including President of Merchandising - Full Line Stores of Sears, Roebuck and Co. from 1996 to 2000, President of Apparel and Home Fashions of Sears from 1993 to 1996, and President and Chief Executive Officer of Robinson's May Company from 1987 to 1993. Mr. Mettler serves on the Board of Trustees of the University of Virginia College Foundation, on the Board of Directors of National Jewish Health and on the Retail Advisory Board at the University of Santa Clara.

Organization Position Status
Jones Apparel Group, Inc. Board of Directors Current
Macy's West Chairman, President & CEO Former
Macy's, Inc. President, Special Projects Former

Executive News

  • Jones Apparel Group, Inc. to Release Second Quarter 2009 Financial Results on July...

    Reuters - 7/13/09 - View Story

  • Jones Apparel Group, Inc. to Release Second Quarter 2009 Financial Results on July 29, 2009

    Stockwatch - 7/13/09 - View Story

  • Jones Apparel Group raises stake in GRI Group

    Washington Post - 6/24/09 - View Story

  • Jones Apparel Group Increases Investment in Licensing Partner, GRI Group Limited,...

    Reuters - 6/24/09 - View Story

  • Jones Apparel adds to GRI Group investment

    Philadelphia Business Journal - 6/24/09 - View Story

  • Jones Apparel Group Increases Investment in Licensing Partner, GRI Group Limited, to Support Presence in Asia

    PR Newswire - 6/24/09 - View Story

  • Fashion Delivers 2nd Annual Pay It Fashion Forward Event

    Reuters - 6/24/09 - View Story

  • Fashion Delivers 2nd Annual Pay It Fashion Forward Event

    PR Newswire - 6/24/09 - View Story

  • Nine West Footwear Corporation Signs License and Distribution Agreement With Kurt Geiger Ltd. for Nine West and Easy Spirit

    PR Newswire - 6/22/09 - View Story

  • Nine West Footwear Corporation Signs License and Distribution Agreement With Kurt Geiger Ltd. for Nine West and Easy Spirit

    Street Insider - 6/22/09 - View Story

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     JNY $16.00 0.00 (0.00% )
Average Volume 1,690,160
Shares Outstanding 85.39M
Market Cap 1.4B
Year High 19.74
Year Low 2.39
Earnings Per Share -9.40
P/E Ratio -1.70
Dividend 0.20
Yield 1.25
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