BNET Industries
Market Cap:$911.1M
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, Wholesale Footwear and AccessoriesAndrew Cohen
Number of Employees 7,925
Contact Information
180 Rittenhouse Circle
Bristol, Pennsylvania 19007
215-785-4000
Peer Companies
NAICS Code Women's and Girls' Cut and Sew Blouse and Shirt Manufacturing: 315232
Recent Events
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Jones Apparel Group raises stake in GRI Group
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Jones Apparel CEO sees stabilization
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Morgan Stanley Upgrades Jones Apparel JNY to Overweight
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Jones Apparel Q1 revenues down
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Macy’s to carry Rachel Roy line exclusively
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BRIEF-Jones Apparel launches Rachel Roy brand at Macy's 6 mins ago
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Inland Buys Jones Apparel HQ for $11.4M
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Geithner plan could boost B of A
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Web sales at Jones Apparel rose 52% in FY 2008
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Mettler joins Jones Apparel board
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Jones Apparel Group names two new directors
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Liz Claiborne to trim about 725 jobs
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Jones Apparel expects 2008 adjusted EPS to decline
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SÃ filo Renews Nine West License
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Steve Madden Finds Good Fit
News & Analysis
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jones apparel group inc. - All News and Analysis
Jones Apparel Group, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Robert Ohmes – Banc of America Merrill Lynch Robert Ohmes – Banc of America Merrill Lynch Quick question, can you talk more a little bit about the wholesale Jeanswear segment, I think you saw a...
Greenlight Capital Looks to Build on Lehman Short Success
Market Folly submits: In 2 separate 13G filings made with the SEC, David Einhorn's Greenlight Capital has disclosed: A 5.1% ownership stake in Harman HAR with 2,960,060 shares beneficially owned A 5.5% ownership stake in Jones Apparel JNY with 4,657,300 shares These are both brand new positions, as neither were...
Jones Apparel Group, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Robert Drbul – Barclay’s Capital Robert Drbul – Barclay’s Capital When you look forward I guess in the first quarter for the revenues that you’re discussing down 11 to down 14, can you elaborate a...
Earnings Preview: Jones Apparel Group
Jones Apparel Group JNY is expected to report Q4 earnings before market open Wednesday, February 11, with a conference call scheduled for 8:30 am. Guidance Analysts are looking for a loss of (5c) on revenue of $826.82M. The consensus range is (6c)-(1c) for EPS, and revenue of $810.9M-$839.6M, according to...
Jones Apparel Group, Inc. Q3 2008 (Qtr End 10/04/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Todd Slater – Lazard Capital Markets Todd Slater – Lazard Capital Markets I was wondering if you could talk a bit about what your direction is going to be across the enterprise for inventory commitments...
Distinguishing Between Out of Favor Sectors and Doomed Ones
David Merkel submits: It’s a tough market out there. You can’t eat relative performance, and I am off a percent or two year-to-date. I have made a number of moves in the portfolio recently: Rebalancing sale of Jones Apparel JNYRebalancing sale of Shoe Carnival SCVLRebalancing sale of Lincoln National...
U.S. Consumers Could Feel Heat from Higher Fuel Costs
FP Trading Desk submits: Higher home heating prices could be another deterrent to U.S. consumers shopping this holiday season. “As if retailers did not have enough to worry about, just as the holiday season rolls around, most consumers will find a new sticker shock in their heating bills,” Gary...
Global Stock Markets: Let the Gains Begin
Prieur du Plessis submits: The Olympic Games kicked off at 8:08:08 pm on Friday night, the eighth day of the eighth month of 2008. Coincidence? Not at all. The number eight is considered lucky by the Chinese, because in Cantonese the language of South China the word for prosperity...
Jones Apparel Group, Inc. F2Q08 (Qtr End 07/05/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Robert Drbul - Lehman Brothers Robert Drbul - Lehman Brothers First on the l.e.i. piece of it, you talked about the shift from Q3 into Q2 can you quantify exactly how much you pulled forward...
Jones Apparel Group, Inc. F1Q08 (Qtr End 04/05/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Jeffrey Edelman – UBS Jeffrey Edelman – UBS It sounds like pretty close to a turning point we too have heard that department store sales have shown some improvements, I guess my first question is do you feel as...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Andrew Cohen | Chief Executive Officer, Wholesale Footwear and Accessories |
| Jack Gross | Chief Executive Officer ,Gloria Vanderbilt Division |
| Jay Friedman | Chief Executive Officer, Company-Owned Retail Footwear & Apparel |
| Lynne F. Coté | Chief Executive Officer, Wholesale Sportswear, Suits and Dresses |
| Wesley R. Card | President & Chief Executive Officer |
| Rhonda J. Brown | President |
| John T. McClain | Chief Financial Officer |
| Paul Lanham | Chief Technology Officer |
| Aida Tejero-DeColli | Executive Vice President, HR |
| Anita Britt | Executive Vice President of Finance |
| 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 |
| Joseph Donnalley | Senior Vice President, Taxation & Risk Management |
| Morgan Bank | Vice President of Division & Director |
| Stacy Fontana | Vice President, Talent Resources |
| Julie Gilhart | Senior Vice President & Director, Fashion |
| Deborah Kurowski | Controller |
| Miki Cheung | Marketing Coordinator |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Sidney Kimmel | Chairman |
| 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 |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Chief Executive Officer, Wholesale Footwear and Accessories | Current |
| Jones Apparel Group, Inc. | President, Energie Division | Former |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Chief Executive Officer ,Gloria Vanderbilt Division | Current |
| Gloria Vanderbilt Apparel Corporation | CEO | 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 |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Chief Executive Officer, Wholesale Sportswear, Suits and Dresses | Current |
| Jones Apparel Group, Inc. | President, Moderate Sportswear | Former |
| McNaughton Apparel Group Inc. | Executive Vice President, Merchandising | 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 |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | President | Current |
| Jones Apparel Group, Inc. | Chief Executive Officer,Nine West Group | Former |
| Steve Madden, Ltd. | President | Former |
| Steve Madden, Ltd. | Director | Former |
| 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. | Chief Technology Officer | Current |
| Jones Apparel Group, Inc. | Executive Vice President | Current |
| HCL Technologies Ltd. | Chief Executive Officer | Former |
| Ames Department Stores | Chief Information Officer | Former |
| Ames Department Stores | Senior Vice President | Former |
| Brookstone, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Executive Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Executive Vice President of Finance | Current |
| Jones Apparel Group, Inc. | Director of Investor Relations | Former |
| 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 |
| 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. | Senior Vice President, Taxation & Risk Management | Current |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Vice President of Division & Director | Current |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Vice President, Talent Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Senior Vice President & Director, Fashion | Current |
| Barneys New York, Inc. | Senior Vice President & Director, Women's Fashion | Current |
| Ecco Domani | Current | |
| Barneys New York, Inc. | Vice President | Former |
Deborah A. Kurowski began her career in 1984 with the firm of Laventhol & Horwath in Philadelphia, Pennsylvania. From 1987 to 1999 Ms. Kurowski worked for Blue Cross Blue Shield of Delaware, Franciscan Health Services and Magellan Behavioral Health. Ms. Kurowski joined Jones Apparel Group in 1999 as a senior accountant and was promoted to assistant controller in 2001. Ms. Kurowski joined the company as controller in October 2006 with responsibilites including supervision of the accounting department staff, financial reporting, risk management, safeguarding of assets, payroll, and government and lender compliance. Ms. Kurowski is a certified public accountant in Pennsylvania and an active member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants. Ms. Kurowski graduated from LaSalle University in 1984 with a bachelor's degree in Accounting. Ms. Kurowski resides in Yardley, Pennsylvania with her husband. She enjoys gardening, the outdoors and traveling.
| Organization | Position | Status |
|---|---|---|
| Rose Enterprises, Inc. | Controller | Current |
| Rose, L.P. | Controller | Current |
| American Institute of Certified Public Accountants | Current | |
| Rose, L.P. | Board of Directors | Current |
| Pennsylvania Institute of Certified Public Accountants | Board of Directors | Current |
| Jones Apparel Group, Inc. | Controller | Former |
| Jones Apparel Group, Inc. | Senior Accountant | Former |
| Blue Cross and Blue Shield | Former | |
| La Salle University | Bachelor's Degree | Former |
Miki graduated from the University of Toronto with a degree in Business Administration specializing in Marketing. She first worked with NAAAP for a non-profit organization, providing university students with career mentorship and job-shadowing opportunities. Miki currently works as a Marketing Coordinator in the fashion industry with Jones Apparel Group. She loves design, fashion, singing, reading and playing volleyball. She hopes to bring new and exciting ideas to NAAAP and is dedicated to providing high quality events to NAAAP members and guests.
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Marketing Coordinator | Current |
| Naaap Toronto Chapter | Board of Directors | Current |
| University of Toronto | Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Hopkins Kimmel Cancer Center | Founder and Chairman of Jones Apparel Group | Current |
| Jones Apparel Group, Inc. | Chairman | Current |
| Jones Apparel Group, Inc. | Chief Executive Officer | Former |
| W.R. Grace & Company | Former | |
| Jones Apparel Group, Inc. | Director | Former |
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 |
| Organization | Position | Status |
|---|---|---|
| Jones Apparel Group, Inc. | Board of Directors | Current |
| Polytechnic University | President | Former |
| Hotjobs.Com, Ltd. | Chief Financial Officer | Former |
| 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 |
| 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
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STOCKS NEWS US- U.S. earnings diary for June 12
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STOCKS NEWS US-Markets advance on oil and data
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STOCKS NEWS US-Policy is key to recovery, not consumers: Baukol
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STOCKS NEWS US-Jones Apparel rises after CEO comments
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Reuters Summit-UPDATE 1-Jones Apparel sees business steadying
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STOCKS NEWS US-Jones Apparel rises after CEO comments
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Jones Apparel CEO sees stabilization
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