Company Profile For Jones Apparel Group, Inc.

Jones Apparel Group, Inc. is a designer, marketer and wholesaler of branded apparel, footwear and accessories. The Company markets its products to the consumers, through a chain of specialty retail and stores and through the e-commerce Web sites. 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. The Company operates in five business segments: wholesale better apparel, wholesale jeanswear, wholesale footwear and accessories, retail, and licensing. The brands of the Company 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. On June 20, 2008, the Company completed the acquisition of GRI.

BRIEF: For the 39 weeks ended 3 October 2009, Jones Apparel Group, Inc.'s revenues decreased 8% to $2.55B. Net income from continuing operations decreased 24% to $42.1M. Revenues reflect a decrease in the sales from Wholesale better apparel segment and lower revenue from Wholesale footwear & accessories segments. Net income also reflects increased interest expense & financing costs and a decrease in interest income.