Feb 13 Jones Group Inc, the fashion
company behind such brands as Nine West, Stuart Weitzman, and
Jones New York, reported a higher quarterly adjusted profit for
the holiday quarter, and better than expected revenue, as sales
of its shoes and jeans to U.S. department stores picked up.
Fourth-quarter revenue rose 8.8 percent to $971.9 million,
better than the $955.3 million Wall Street was expecting,
according to Thomson Reuters I/B/E/S.
Jones' net loss deepened to $80.1 million, or $1.06 per
share, from $8.2 million, or 27 cents per share, a year earlier.
Excluding costs such as those related to restructuring, the
company earned 14 cents per share for the period ended Dec. 31,
compared with 10 cents a year earlier.