Jones Apparel Group, Inc. to Release Third Quarter 2009 Financial Results on October 28, 2009
16 October 2009 - 11:30PM
PR Newswire (US)
NEW YORK, Oct. 16 /PRNewswire-FirstCall/ -- Jones Apparel Group,
Inc. (NYSE:JNY) is scheduled to release third quarter 2009
financial results on Wednesday, October 28, 2009. The Company will
host a conference call with management at 8:30 am eastern time. To
participate in the call, please dial 412-858-4600. The conference
call will be webcast and made available through the Company's
website at http://www.jonesapparel.com/. The call will also be
recorded and made available through November 5, 2009. The recorded
call may be accessed by dialing 877-344-7529 and entering account
number 434852. Jones Apparel Group, Inc.
(http://www.jonesapparel.com/) is a leading designer, marketer and
wholesaler of branded apparel, footwear and accessories. The
Company also markets directly to consumers through its chain of
specialty retail and value-based stores. The Company's nationally
recognized brands include Jones New York, Nine West, Anne Klein,
Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone,
l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies
Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le
Suit. The Company also markets costume jewelry under the Givenchy
brand licensed from Givenchy Corporation, footwear under the
Dockers Women brand licensed from Levi Strauss & Co., and
apparel under the Rachel Roy brand licensed from Rachel Roy IP
Company, LLC. 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, Anne Klein New York, Nine West, Gloria Vanderbilt,
l.e.i. and Evan-Picone, with select manufacturers of women's and
men's products which the Company does not manufacture. For more
than 30 years, the Company has built a reputation for excellence in
product quality and value, and in operational execution. Forward
Looking Statements Certain statements contained herein are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements regarding
the Company's expected financial position, business and financing
plans are forward-looking statements. The words "believes,"
"expect," "plans," "intends," "anticipates" and similar expressions
identify forward-looking statements. Forward-looking statements
also include representations of the Company's expectations or
beliefs concerning future events that involve risks and
uncertainties, including: -- those associated with the effect of
national, regional and international economic conditions; --
lowered levels of consumer spending resulting from a general
economic downturn or lower levels of consumer confidence; -- the
tightening of the credit markets and our ability to obtain credit
on satisfactory terms; -- given the uncertain economic environment,
the possible unwillingness of committed lenders to meet their
obligations to lend to borrowers, in general; -- the performance of
the Company's products within the prevailing retail environment; --
customer acceptance of both new designs and newly-introduced
product lines; -- the Company's reliance on a few department store
groups for large portions of the Company's business; --
consolidation of the Company's retail customers; -- financial
difficulties encountered by customers; -- the effects of vigorous
competition in the markets in which the Company operates; -- the
Company's ability to attract and retain qualified executives and
other key personnel; -- the Company's reliance on independent
foreign manufacturers; -- changes in the costs of raw materials,
labor, advertising and transportation; -- the general inability to
obtain higher wholesale prices for the Company's products that the
Company has experienced for many years; -- the uncertainties of
sourcing associated with an environment in which general quota has
expired on apparel products but litigation and political activity
seeking to re-impose quotas have been initiated; -- the Company's
ability to successfully implement new operational and financial
computer systems; and -- the Company's ability to secure and
protect trademarks and other intellectual property rights. A
further description of these risks and uncertainties and other
important factors that could cause actual results to differ
materially from the Company's expectations can be found in the
Company's Annual Report on Form 10-K for the year ended December
31, 2008, including, but not limited to, the Statement Regarding
Forward-Looking Disclosure and Item 1A-Risk Factors therein, and in
the Company's other filings with the Securities and Exchange
Commission. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, such
expectations may prove to be incorrect. The Company does not
undertake to publicly update or revise its forward-looking
statements as a result of new information, future events or
otherwise. DATASOURCE: Jones Apparel Group, Inc. CONTACT: John
McClain, Chief Financial Officer of Jones Apparel Group, Inc.,
+1-212-642-3860; or Joele Frank and Sharon Stern of Joele Frank,
Wilkinson Brimmer Katcher for Jones Apparel Group, Inc.,
+1-212-355-4449 Web Site: http://www.jonesapparel.com/
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