×
182
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Galway - 18.5 Hours - Part-Time - Permanent
Permanent · Galway
SHISEIDO
Laura Mercier Account Manager - Brown Thomas Limerick (37.5 Hours)
Permanent · Limerick
ESTÉE LAUDER
la Mer - Business Manager - Brown Thomas, Dublin - 37.5 Hours / 5 Days - Full-Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - bt2, Dundrum - 22.5 Hours / 4 Days - Part-Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - bt2, Dundrum - 15 Hours / 3 Days - Part-Time, Permanent
Permanent · Dublin
SHISEIDO
Nars Account Manager- Brown Thomas, Cork (37.5 Hours)
Permanent · Cork City
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Galway - 18.5 Hours - Full-Time - Permanent
Permanent · Galway
SHISEIDO
Nars Account Manager - bt2 Dundrum
Permanent · Dublin 16
SHISEIDO
Bareminerals Account Manager - Boots, Belfast
Permanent · New York
SHISEIDO
Bareminerals Dual Site Account Manager - Arnotts, Dublin
Permanent · Dublin 13
ESTÉE LAUDER
Estée Lauder - Beauty Advisor - Brown Thomas , Dundrum - 37.5 / 5 Days - Full-Time, Permanent (Fully Flexible)
Permanent · Dublin
CLAUDIE PIERLOT IRLANDE
Assistant Store Manager - 37.5h - Permanent - Dublin m/f
Permanent · DUBLIN
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 37.5h - Permanent - Dundrum m/f
Permanent · DUBLIN
TK MAXX
20011-Team Leader
Permanent · Dublin
TK MAXX
10020-Christmas Temp
Fixed-term · Dublin
ESTÉE LAUDER
Estee Lauder Companies - Advisor - Aerrianta, Cork - 36 Hours - Full Time, Permanent
Permanent · Cork
BASSET SOLUCIONES S.A. DE C.V.
Auxiliar de Recursos Humanos Sin Experiencia Medio Tiempo
Permanent · MEXICO CITY
BASSET SOLUCIONES S.A. DE C.V.
Auxiliar de Reclutamiento Medio Tiempo Home Office
Permanent · MEXICO CITY
BASSET SOLUCIONES S.A. DE C.V.
Capturista Sin Experiencia Medio Tiempo
Permanent · MEXICO CITY
BASSET SOLUCIONES S.A. DE C.V.
Auxiliar Administrativo Sin Experiencia Medio Tiempo
Permanent · MEXICO CITY
BASSET SOLUCIONES S.A. DE C.V.
Auxiliar Administrativo Sin Experiencia
Permanent · MEXICO CITY
COCCINELLE
Store Manager - Coccinelle
Permanent · KILDARE
By
Reuters
Published
Oct 27, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Jones Group sales, forecast disappoint, shares fall

By
Reuters
Published
Oct 27, 2011

Jones Group Inc reported disappointing quarterly sales and a lower-than-expected full-year revenue forecast, sending shares of the Jones New York and Nine West brand owner down nearly 9 percent.

Jones Group Inc
Nine West is one of Jones Group's fashion apparel brands

Jones' sales of sportswear and jeans to U.S. chains such as Macy's Inc , and sales at its own U.S. stores fell in its third quarter. The company forecast full-year revenue of only between $3.8 billion and $3.87 billion, and warned investors that retailers were being cautious about placing orders.

Department stores generate half of Jones' sales.

"The biggest contributor to the miss was the domestic wholesale jeanswear segment," Lazard Capital Markets analyst Diana Katz wrote.

Jones is in talks to shed that business as it turns its focus to luxury goods, especially shoes. But it is still reliant on brands that cater to middle-income shoppers worried about their prospects in a tough economy.

Sales of basics and inexpensive items have been weaker, said Chief Executive Wes Card on a conference call.

He declined to provide an update on talks Jones is holding with Israel's Delta Galil Industries Ltd , a maker of private-label clothing, to sell the jeans unit for between $350 million and $400 million.

Jones shares were down $1.06, or 8.8 percent, to $10.92 in late morning trading on the New York Stock Exchange.

LUXURY TO THE RESCUE

Jones' gross margin, which measures the profitability of the goods it sells, rose rising 2.2 percentage points to 35.7 percent. That came largely from Kurt Geiger, the high-end British shoe brand it bought this year and which it will introduce in the United States in 2012.

Stuart Weitzman, a shoe brand it bought last year, is still a small part of Jones' revenue, but the company said its sales rose 7.1 percent during the quarter.

The company also said its Anne Klein brand would return to Nordstrom in the spring after a four-year hiatus.

Jones expects margins to continue improving.

To achieve that goal, Jones is keeping inventory levels lean, which would reduce the need to slash prices if demand slumps. Excluding Geiger, inventory was down 5 percent at the end of the quarter.

Jones reported a 2.2 percent increase in revenue to $1.04 billion, below Wall Street's forecasts of $1.09 billion, according to Thomson Reuters I/B/E/S. Its full-year forecast was also below the $3.97 billion that analysts expected.

Cost cuts and improving margins helped its adjusted earnings per share of 48 cents beat Wall Street's forecast of 45 cents.

By Phil Wahba

© Thomson Reuters 2021 All rights reserved.