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Jones Group sales up 8.7% in Q4

14 Feb '13
4 min read

John T. McClain, The Jones Group Chief Financial Officer, commented: "Our financial position remains strong. We ended the year with $150 million in cash and our revolver undrawn. We are approaching our 2013 inventory commitments with conservatism, consistent with 2012. With a continued focus on inventory management, expense control, and operational efficiencies, we believe we will continue to improve margins and maintain a strong balance sheet."

Mr. Card concluded: "We are committed to enhancing profitability and continue to operate efficiently, control costs and execute at a high level. We believe our new approach to brand management and creative design talent will advance the reinvigoration of our core brands. At the same time, we are concentrating our efforts on the areas we believe offer the greatest opportunity for revenue growth – upscale and contemporary brands and international."

Jones Group

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