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Headquarters:
1411 Broadway Career
Site The Company also markets directly to consumers through its chain of specialty retail and value-based stores. The Company's nationally recognized brands and licensing agreemtns (L) include: Nine West, Jones New York, Anne Klein, Rachel Roy (L), Robert Rodriguez, Robbi & Nikki, Stuart Weitzman, B Brian Atwood (L), Boutique 9, Easy Spirit, Gloria Vanderbilt, l.e.i, Bandolino, Enzo Angiolini, Nine & Co., GLO, Joan & David, Joneswear, Andrew Marc/Marc Moto (L), Kasper, Energie, Evan-Picone, Le Suit, Mootsies Tootsies, Grane, Erika, Napier, Jessica Simpson (L), Dockers (L), Sam & Libby, Givenchy (L), Judith Jack, Albert Nipon and Pappagallo. 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. The company's operations are comprised of five revenue-generating segments: wholesale better apparel, wholesale jeanswear, wholesale footwear and accessories, retail and licensing. The company has 803 retail locations which are made up of 279 specialty retail stores including Easy Spirit and Nine West along with 524 outlet stores. The company has closed 191 underperforming locations in 2010 with more closings expected in 2011. Corporate offices are in NYC with financial offices in Bristol, PA. In 2010, Jones Apparel reported revenues of $3.59 billion, up from $3.27 billion, and net income of $54.4 million. History Sidney Kimmel founded and became President of the Jones Apparel Division of W.R. Grace & Co. in 1970. In 1975, Kimmel and a partner bought the company from Grace and incorporated it as Jones Apparel Group. Through consistently high design and quality merchandising, marketing and advertising, Jones has become one of the finest names in the women's apparel business. Jones Apparel went public on the NYSE in 1991. In 1993, Jones purchased the Evan Picone label and in 1995 established a licensing agreement with Ralph Lauren. In 2004, Jones acquired Maxwell Shoe Co. and Barney's New York. The company sold the chain of Barney's New York stores in 2007 for $945 million in cash to an affiliate of Istithmar PJSC, a Dubai based private equity and alternative investment house. Updated June 5, 2011 |