Content about Jones Group Inc.

April 12, 2013
WSJ: Hedge fund pressures Jones Group to sell parts of portfolio

A report by the Wall Street Journal said that hedge fund Barington Capital Group is pressing Jones Group Inc. to slim down by divesting parts of its portfolio.

New York -- A report by the Wall Street Journal on Friday said that hedge fund Barington Capital Group is pressing Jones Group Inc. to slim down by divesting parts of its portfolio.

Citing an unidentified source, WSJ said that Barington – in a meeting earlier this month – urged Jones to hire financial advisers to analyze many of the company’s 35-plus to pare down the portfolio and focus on its core and emerging brands.

October 24, 2012
Jones Group’s profit helped by sales to department stores

Jones Group Inc. reported a higher-than-expected quarterly profit, helped by a rise in sales of shoes and jeans to U.S. department stores, which helped make up for a big drop in business at its own stores.

New York  -- Jones Group Inc. reported a higher-than-expected quarterly profit, helped by a rise in sales of shoes and jeans to U.S. department stores, which helped make up for a big  drop in business at its own stores.
  
Third-quarter revenue slipped 0.7% to $1.035 billion as sales at the company's U.S. stores were down 6.7%.
   

April 25, 2012
Jones Group swings to loss on charges in Q1

Jones Group Inc. reported that it swung to a first-quarter loss of $1.2 million, compared with a profit of $25.7 million in the year-ago period.

New York -- Jones Group Inc. reported Wednesday that it swung to a first-quarter loss of $1.2 million, compared with a profit of $25.7 million in the year-ago period. Costs of closing stores, paying severance, acquisitions and a strategic review impacted the results, which still surpassed analysts’ expectations.

Revenue for the manufacturer and retailer of brands such as Nine West, Jones New York and Stuart Weitzman slipped 2.6% to $936 million in the quarter ended March 31, missing Wall Street’s expected $937.3 million in revenue.