Content about The Jones Group Inc.

April 7, 2014

The Jones Group Inc. announced that its shareholders overwhelmingly voted to approve the company’s acquisition by Sycamore Partners.

New York -- The Jones Group Inc. announced that its shareholders overwhelmingly voted to approve the company’s acquisition by Sycamore Partners.

Under the terms of the deal, Sycamore will acquire Jones for $15.00 per share in cash, or a total transaction value of approximately $2.2 billion.

March 3, 2014

The Jones Group Inc. has scheduled a special meeting of The Jones Group shareholders for April 7, 2014 to consider and vote upon the previously announced merger agreement entered into with Sycamore Partners on Dec. 19, 2013.

New York -- The Jones Group Inc. has scheduled a special meeting of The Jones Group shareholders for April 7, 2014 to consider and vote upon the previously announced merger agreement entered into with Sycamore Partners on Dec. 19, 2013. Under the agreement, affiliates of Sycamore Partners will acquire The Jones Group for $15 per share in cash, or about $1.2 billion.

February 10, 2014

The Jones Group Inc. reported mixed results for the fourth quarter and fiscal year 2013, with net loss and net sales falling in both periods compared to the same periods a year earlier.

New York – The Jones Group Inc. reported mixed results for the fourth quarter and fiscal year 2013, with net loss and net sales falling in both periods compared to the same periods a year earlier. Net loss fell to $47.1 million from $80.1 million during the fourth quarter, and to $19.7 million from $55 million during the full year.

However, net sales declined 8.5% to $876.5 million from $958.3 million during the quarter, and fractionally to $3.72 billion from $3.75 billion during the full year.

January 13, 2014

VeriFone Systems announced that The Jones Group Inc. has selected VeriFone solutions to enable mobile payment acceptance and enhance customer experience for its internationally recognized brands, including Jones New York and Nine West.

New York -- VeriFone Systems announced that The Jones Group Inc. has selected VeriFone solutions to enable mobile payment acceptance and enhance customer experience for its internationally recognized brands, including Jones New York and Nine West.

VeriFone will upgrade the brands’ payment environments with its PAYware Mobile e210 mobile point-of-sale (mPOS) solution and the MX 915, an NFC-enabled, multi-media payment terminal.
 

December 9, 2013

Stuart Weitzman, the luxury footwear brand owned by The Jones Group Inc., has appointed Francois Kress to the newly created position of global president.

New York -- Stuart Weitzman, the luxury footwear brand owned by The Jones Group Inc., has appointed Francois Kress to the newly created position of global president.

Kress, formerly president and chief operating officer of The Row (New York), will oversee all aspects of the Weitzman brand’s global retail and wholesale business and he will assume the role of strategic leader for new initiatives and brand extensions.

October 30, 2013

The Jones Group Inc’s net income rose a better-than-expected 67% in the third quarter, increasing to $28.3 million from $17.8 million.

New York – The Jones Group Inc’s net income rose a better-than-expected 67% in the third quarter, increasing to $28.3 million from $17.8 million.

However, revenues in the quarter ended Oct. 5 fell about 1%, to $1.02 billion from $1.03 billion.

July 31, 2013

The Jones Group Inc. swung to a loss in the second quarter as the company was challenged with lower sales, weaker margins and higher costs.

New York -- The Jones Group Inc. swung to a loss in the second quarter as the company was challenged with lower sales, weaker margins and higher costs.

Jones Group reported a loss of $3.4 million for the second quarter, compared to a profit of $8.1 million in the year-ago period.

Revenue decreased 1.1% to $845.6 million from $855 million for the second quarter of 2012. Analysts estimated revenues of $832.06 million for the quarter. One bright spot for Jones Group was an almost 21% year-over-year increase in wholesale jeanswear sales.

May 6, 2013

The Jones Group Inc. said Monday that it has nominated James Mitarotonda, chairman and CEO of Barington Capital Group, to its board of directors, expanding the board to 11 members.

New York -- The Jones Group Inc. said Monday that it has nominated James Mitarotonda, chairman and CEO of Barington Capital Group, to its board of directors, expanding the board to 11 members.

Barington has about a 2.3% stake in Jones Group.

 

May 1, 2013

The Jones Group Inc. returned to a profit in the first quarter, but sales were hampered by unseasonably cool weather.

New York -- The Jones Group Inc. returned to a profit in the first quarter, but sales were hampered by unseasonably cool weather. The company said net income for the three months ended April 6, after paying preferred dividends, totaled $500,000. That compares with a loss of $1.2 million in the year-ago period.

Revenues for the first quarter of 2013 were almost $1.1 billion, up from $936 million for the same period last year. Jones Group CEO Wesley R. Card said that weather and other factors impacted the business both domestically and internationally.

April 24, 2013

The Jones Group Inc. announced Monday that it will put into action a series of events designed to shore up profitability, the most significant of which includes shuttering 170 underperforming stores in the U.S. by mid-2014.

New York -- The Jones Group Inc. announced Monday that it will put into action a series of events designed to shore up profitability, the most significant of which includes shuttering 170 underperforming stores in the U.S. by mid-2014.

The stores identified for closure include 50 units previously announced in the fourth quarter.

March 18, 2013

The Jones Group Inc. announced it has appointed Greg Clark as chief marketing officer, effective immediately.

New York -- The Jones Group Inc. announced Monday it has appointed Greg Clark as chief marketing officer, effective immediately.

Clark will oversee global marketing and brand identity, including spearheading digital media strategy, brand development and creative.

Clark most recently served as the SVP creative marketing for J. C. Penney.

 

February 13, 2013

The Jones Group Inc. reported a loss of $80.3 million for the three months through Dec. 31, compared with a loss of $21.1 million a year earlier.

New York -- The Jones Group Inc. reported a loss of $80.3 million for the three months through Dec. 31, compared with a loss of $21.1 million a year earlier. The company said that marking down the value of some assets widened its loss.
 
Revenue for the fourth quarter rose 8.8% to $971.9 million, better than the $955.3 million Wall Street was expecting.

For the year, Jones Group lost $56.1 million, versus a profit of $50.7 million in 2011. Annual revenue rose to $3.8 billion from $3.79 billion.

February 4, 2013

The Jones Group Inc. said it has appointed Joseph Stafiniak to the newly created position of SVP merchandising of Nine West, effective immediately.

New York -- The Jones Group Inc. said Monday it has appointed Joseph Stafiniak to the newly created position of SVP merchandising of Nine West, effective immediately.

Stafiniak will operate as the lead merchant for Nine West, overseeing merchandising strategies and the execution of product to meet the expanding needs of the brand's global business.

Stafiniak comes to Jones Group from Coach, where he most recently served as SVP licensed categories.

 

January 14, 2013

Epicor Software Corp. said that The Jones Group Inc. is rolling out its Epicor Retail Store offering which is fully mobile-enabled for deployment and use on Apple iPad, iPod and Windows mobile devices, and brings information directly to sales associates’ fingertips.

New York -- Epicor Software Corp. said Monday that The Jones Group Inc. is rolling out its Epicor Retail Store offering which is fully mobile-enabled for deployment and use on Apple iPad, iPod and Windows mobile devices, and brings information directly to sales associates’ fingertips.

December 12, 2012

The Jones Group Inc. announced it has promoted Aida Tejero-DeColli to the newly created position of chief people officer, effective immediately.

New York -- The Jones Group Inc. announced Wednesday it has promoted Aida Tejero-DeColli to the newly created position of chief people officer, effective immediately.

Tejero-DeColli will continue to lead all efforts supporting human resources activities at Jones, including talent acquisition and management, training and development, and associate compensation, benefit and recognition programs.

Tejero-DeColli began her career with Jones Group in 1994 as director of human resources and most recently served as EVP human resources.  

November 5, 2012

The Jones Group Inc. announced the promotion of Cynthia DiPietrantonio to COO, effective immediately.

New York -- The Jones Group Inc.  announced the promotion of Cynthia DiPietrantonio to COO, effective immediately.

In this expanded role, DiPietrantonio will oversee production in The Jones Group's overseas facilities, including its production offices in China and Hong Kong, in addition to her current responsibilities overseeing the day-to-day operations of the company. DiPietrantonio, the senior-most operations executive, has been with The Jones Group in several capacities over the past 30 years.

 

October 12, 2012

Brian Atwood, designer of luxury footwear and handbags, opened its first flagship, in New York City.

New York -- Brian Atwood, designer of  luxury footwear and handbags, opened its first flagship, in New York City. The company was acquired by The Jones Group Inc. last June.

September 12, 2012

The Jones Group Inc. said it has appointed Kathy Nedorostek to the newly created position of group president, global footwear and accessories, effective mid-October.

New York -- The Jones Group Inc. said Wednesday it has appointed Kathy Nedorostek to the newly created position of group president, global footwear and accessories, effective mid-October.  

In her new position, Nedorostek will oversee footwear, handbags and jewelry for Jones Group.

Nedorostek arrives at Jones Group from Coach, where she was president of North America Wholesale and Global Licensing.

July 25, 2012

The Jones Group Inc. reported that net income for the quarter ended June 30 soared 56% to $7.9 million, from $5 million in the year-ago period.

New York -- The Jones Group Inc. reported Wednesday that net income for the quarter ended June 30 soared 56% to $7.9 million, from $5 million in the year-ago period.

Sales for the parent to such brands as Nine West and Anne Klein dipped 4% to $854.8 million, missing Wall Street’s expected $865.5 million in revenue, but tightened inventory controls offset the sales decline.

June 29, 2012

The Jones Group Inc. announced that it has appointed Scott Bowman to the newly created role of group president of global retail and international development, effective immediately.

New York -- The Jones Group Inc. announced that it has appointed Scott Bowman to the newly created role of group president of global retail and international development, effective immediately. He will oversee the international strategy and operations of retail and licensing for the company's portfolio of brands.