May 23, 2013
Jones Apparel Group (NYSE: JNY) is a multi-brand company that designs and markets women's and children's apparel, footwear, accessories, fragrances, and jewelry. These products are sold through third-party specialty retail stores and department stores, in addition to the company's own 1,017 retail stores.[1] The company’s primary brand was initially Jones New York, but over time it has acquired and/or established over 30 brands, including Nine West and Anne Klein. JNY's brands cover a range of styles: sportswear, activewear, casual apparel, fashion, and formal attire.
In 2009 JNY received $3.3 billion in revenues, a decline from its 2008 revenue of $3.6 billion. Despite this decrease in revenues, it ended the year with a net loss of $86.3 million in 2009, compared to its net loss of $765 million in 2008. JNY has faced struggles recently, as the tough economic condition in the U.S. has dampened sales as consumers cut back on spending.
(Read more at Wikinvest
) - Business Overview
- Business Segments
- Wholesale Better Apparel (27.7% of 2009 revenue)
- Wholesale Jeanswear (24.9%)
- Wholesale Footwear and Accessories (25.2%)
- Retail (20.7%)
- Licensing and Other (1.4%)
- Trends and Forces
- JNY Faring Better Than Its Letting On in the Recession?
- Market Pressures Lead to Goodwill and Trademark Impairment Charges
- Department Stores Turning to Private Labels
- Competition
- References