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Analysis of Jones Apparel Group Inc.

Publication: M2 Presswire
Publication Date: 31-JAN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 January 2007-bellwetherreport.com: Analysis of Jones Apparel Group Inc.(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:30012007

While some are busy keeping up with the Joneses, Jones Apparel Group is too busy buying up firms to take notice. It provides a wide range of women's and men's clothing and shoes. Brands include Jones New York and Evan-Picone. Subsidiary Nine West Group, purchased in 1999, designs shoes (Easy Spirit, Enzo Angiolini, Bandolino, Gloria Vanderbilt), as does Maxwell Shoe (Anne Klein, Joan & David), bought in 2004. Gloria Vanderbilt and l.e.i., both acquired in 2002, design twill and denim casualwear, swimwear, and accessories, among other items. Luxury retailer Barneys New York was a surprise acquisition that closed in late 2004. Jones currently owns and operates more than 1,000 stores.

Shares were down 3% as analysts disagree.

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