| Business Summary | | Jones
Apparel
Group,
Inc.
is
a
designer
and
marketer
of
a
broad
range
of
women's
collection
sportswear,
suits
and
dresses,
casual
sportswear
and
jeanswear
for
men,
women
and
children,
women's
shoes
and
accessories,
and
costume
jewelry.
The
Company
has
pursued
a
multi-brand
strategy
by
marketing
its
products
under
several
nationally
known
brands,
including
Jones
New
York,
Evan-Picone,
Rena
Rowan,
Nine
West,
Easy
Spirit,
Enzo
Angiolini,
Bandolino
and
Todd
Oldham
and
the
licensed
brands
Lauren
by
Ralph
Lauren,
Ralph
by
Ralph
Lauren
and
Polo
Jeans
Company.
Each
brand
is
differentiated
by
its
own
distinctive
styling
and
pricing
strategy,
and
together
they
target
a
wide
range
of
consumers.
The
Company
has
capitalized
on
its
nationally
known
brand
names
by
entering
into
various
licenses
for
the
Jones
New
York,
Evan-Picone
and
Nine
West
brand
names
with
select
manufacturers
of
women's
and
men's
products
that
it
does
not
manufacture. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Jones
Apparel
Group
is
a
designer
and
marketer
of
better
priced
women's
sportswear,
suits
and
dresses
and
jeanswear.
For
the
27
weeks
ended
7/7/01,
net
sales
fell
2%
to
$1.95
billion.
Net
income
increased
20%
to
$151.8
million.
Revenues
suffered
from
reduced
retail
revenues
due
to
decreasing
comparable
store
sales
due
to
the
challenging
retail
environment.
Earnings
were
offset
by
higher
margin
sales,
lower
production
costs
and
continued
cost
reductions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Sidney Kimmel, 73 Chairman,
CEO | $2.9M | -- | Jackwyn Nemerov, 49 Pres | 3.8M | $6.5M | Wesley Card, 53 CFO | 1.1M | -- | Eric Rothfeld, 49 Director;
Pres and CEO of Sun Apparel, Inc. | 2.2M | -- | Irwin Samelman, 70 Exec.
VP - Marketing | 1.9M | 2.5M | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|