Tuesday, July 14, 2009

Textile Industry News

Jones Apparel Group, Inc. to Release Second Quarter 2009 Financial Results on July 29, 2009




NEW YORK, July 13 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc.
(NYSE: JNY) is scheduled to release second quarter 2009 financial results
on Wednesday, July 29, 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 August 4, 2009. The recorded call may be
accessed by dialing 877-344-7529 and entering account number 431915.

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.

No comments:

Post a Comment