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July 26, 2006
Jones Reports Second Quarter Slide
Jones Apparel Group’s second quarter revenue slipped 8.7% to $1.07 billion, while income dropped 33.2% to $33.6 million.
Despite the declines, Jones said it was pleased with strength in certain areas of its business, namely the performance of Barneys New York.
The company pointed to the sale of its Polo Jeans business, completed in the first quarter of the year, as a reason behind the revenue drop.
Posted by Blacks on July 26, 2006 09:35 AM
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