BNET Industries
Market Cap:$1.5B
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 CohenNumber 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 profit rises amid sales shortfall
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Visa Sales Rises 10%; ConocoPhillips Net Drops
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Analyst downgrades Jones Apparel, Liz Claiborne
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Goldman Sachs Downgraded Jones Apparel JNY and Liz Claiborne LIZ to Neutral
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Jones Apparel Net Rises on Margins
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Jones Apparel Group, Inc. to Release Second Quarter 2009 Financial Results on July...
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Jones Apparel Group raises stake in GRI Group
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Jones Apparel CEO sees stabilization
News & Analysis
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jones apparel group inc. - All News and Analysis
Burkle Buys Barneys New York Debt: Report
(Reuters) - Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.Citigroup Inc C sold a big part of Barneys' secured term loan to Burkle at...
Cramer's Stop Trading! Stocks Are Finished for the Year
Earnings Call ExcerptStocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday October 28.Well Point WLP, Jones Apparel JNYCramer would take the opportunity to sell any dramatic gains in stocks that fund managers are trying to push up; “I think we’ve seen the highs for the year,”he said....
Jones Apparel Group Q3 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question comes from Todd Slater of Lazard Capital. Todd Slater - Lazard Capital Markets I have a few questions, so I’ll just list them, starting with the Liz move out of Macy’s into Penny’s. How does that affect Jones in the...
Bears Play Jones Apparel Before Report
optionMONSTER submits: By David Russell One big investor is positioning for a markdown in Jones Apparel Group JNY, which has more than tripled this year and reports earnings Wednesday. by optionMONSTER
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...
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
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Jones Apparel Group, Inc. to Release Second Quarter 2009 Financial Results on July...
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Jones Apparel Group, Inc. to Release Second Quarter 2009 Financial Results on July 29, 2009
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Jones Apparel Group raises stake in GRI Group
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Jones Apparel Group Increases Investment in Licensing Partner, GRI Group Limited,...
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Jones Apparel adds to GRI Group investment
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Jones Apparel Group Increases Investment in Licensing Partner, GRI Group Limited, to Support Presence in Asia
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Fashion Delivers 2nd Annual Pay It Fashion Forward Event
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Fashion Delivers 2nd Annual Pay It Fashion Forward Event
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Nine West Footwear Corporation Signs License and Distribution Agreement With Kurt Geiger Ltd. for Nine West and Easy Spirit
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Nine West Footwear Corporation Signs License and Distribution Agreement With Kurt Geiger Ltd. for Nine West and Easy Spirit
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