The Jones Group Inc. (ticker: JNY, exchange: New York Stock Exchange (.N))
News Release -
12-Jan-2006
Jones Apparel Group, Inc. Announces Successful Initial Implementation of UGS Corporation's Enterprise Product Lifecycle Management Application NEW YORK, Jan. 12 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc.
(NYSE: JNY) and UGS Corporation have successfully implemented the core
capabilities of an enterprise product lifecycle management (PLM) application
to manage all data and processes from design concept development into
production. Three Jones apparel divisions are currently using PLM, and a
fourth apparel division is now beginning its implementation. With planned
enhancements and implementations over the next six months, the Company
anticipates that all Jones apparel divisions will be using a market-leading
PLM capability, which will enable the Company to bring products to market more
quickly and efficiently.
Peter Boneparth, President and Chief Executive Officer, Jones Apparel
Group, Inc., stated, "PLM is an integral component of the Company's initiative
to increase profitability by enhancing operational execution, and the results
to date demonstrate significant progress towards achieving our goals. We
believe that PLM will help us transform the way we do business, to compete
more effectively as a company and to continue to deliver superior product to
our customers."
Jones' PLM application is based on UGS's Teamcenter suite of applications.
The Teamcenter applications were recently named "Technologies of the Year" by
IndustryWeek. At Jones, the PLM application will provide easy access to a
single source of data, support corporate libraries, and route and status
workflow information on a collaborative basis across the extended enterprise.
Suppliers will be able to access and update the appropriate information
directly, thereby speeding up the supply chain and improving efficiency by
permitting PLM users to focus their efforts on creating and delivering
product, not on maintaining data or tracking down information.
Paul Lanham, Chief Technology Officer, Jones Apparel Group, Inc.,
commented, "PLM is a major initiative for us. The UGS Teamcenter selection is
consistent with our strategy of leveraging world-class technologies. UGS is a
leading PLM provider, with 90% market share of large installations (over 1,000
seats) and with a clear commitment to the apparel industry. UGS manages the
world's largest, fastest and most complex product development to production
supply chains. UGS is a strong partner in our efforts, and we appreciate
their commitment to always deliver."
Tony Affuso, Chairman, Chief Executive Officer and President of UGS,
stated that, "The Jones Apparel Group PLM team has a deep PLM understanding
and vision, based on many years of experience. They understand both apparel
and PLM best practices. Jones' PLM initiative has consistently performed at a
high level. They are clearly focusing on business value and superior
execution. UGS is proud to be part of this project and is fully committed to
its continuing success."
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 New York
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,"
"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 involves 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.
CONTACT:
Wesley R. Card
Chief Operating and Financial Officer
Anita Britt
Executive Vice President Finance
Both of Jones Apparel Group
+1-215-785-4000
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