The Jones Group Inc. (ticker: JNY, exchange: New York Stock Exchange (.N))
News Release -
26-Jul-2005
Webcast Alert: Jones Apparel Group Second Quarter 2005 Earnings Conference Call NEW YORK, July 26 /PRNewswire-FirstCall/ -- Jones Apparel Group
(NYSE: JNY) announces the following webcast:
What: Jones Apparel Group second quarter 2005 earnings conference
call
When: July 28, 2005 @ 8:30 a.m. eastern time
Where: http://www.jny.com
How: Live over the Internet -- Simply log on to the web at the
address above.
Dial-in Number: 412-858-4600
Playback Number: 877-344-7529 Passcode: 373773
Contact: Cathy Toth of Jones Apparel Group, 215-785-4000.
If you are unable to participate during the live webcast, the call will
be archived at http://www.jny.com.
Jones Apparel Group, Inc. (http://www.jny.com), a Fortune 500 company, is
a leading designer, marketer and wholesaler of branded apparel, footwear and
accessories. We also market directly to consumers through our chain of
specialty retail and value-based stores, and operate the Barneys chain of
luxury stores. Our nationally recognized brands include Jones New York, Evan-
Picone, Norton McNaughton, Gloria Vanderbilt, Erika, l.e.i., Energie, Nine
West, Easy Spirit, Enzo Angiolini, Bandolino, Joan & David, Mootsies Tootsies,
Sam & Libby, Napier, Judith Jack, Kasper, Anne Klein, Albert Nipon, Le Suit
and Barneys New York. The Company also markets apparel under the Polo Jeans
Company brand licensed from Polo Ralph Lauren Corporation, costume jewelry
under the Tommy Hilfiger brand licensed from Tommy Hilfiger Licensing, Inc.
and the Givenchy brand licensed from Givenchy Corporation and footwear under
the Dockers Women brand licensed from Levi Strauss & Co. Each brand is
differentiated by its own distinctive styling, pricing strategy, distribution
channel and target consumer. We primarily contract for the manufacture of our
products through a worldwide network of quality manufacturers. We have
capitalized on our nationally known brand names by entering into various
licenses for several of our 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 we do not manufacture. For
more than 30 years, we have built a reputation for excellence in product
quality and value, and in operational execution.
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,"
"expects," "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 and regional economic
conditions;
-- lowered levels of consumer spending resulting from a general economic
downturn or lower levels of consumer confidence or generally reduced
shopping activity caused by public safety concerns;
-- 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 identify acquisition candidates and acquire
such businesses on reasonable financial and other terms, in an
increasingly competitive environment for such acquisitions;
-- the integration of the organizations and operations of any acquired
businesses into the Company's existing organization and operations;
-- the Company's reliance on independent foreign manufacturers;
-- changes in the costs of raw materials, labor and advertising;
-- 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 the new environment in
which quota has been eliminated on apparel products while political
pressure is building for the re-imposition of quotas in certain
categories; 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/A for the fiscal year ended December 31, 2004, including, but not limited
to, the Statement Regarding Forward-Looking Disclosure and the information
concerning trends and risk factors included in Management's Discussion and
Analysis of Financial Condition and Results of Operations 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.
SOURCE Jones Apparel Group, Inc.
-0- 07/26/2005
/CONTACT: Cathy Toth of Jones Apparel Group, +1-215-785-4000/
/Web site: http://www.jny.com /
(JNY)
CO: Jones Apparel Group, Inc.
ST: New York
IN: FAS TEX REA
SU: CCA MAV
R
-- PHTH101A --
8688 07/28/2005 07:45 EDT http://www.prnewswire.com
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