BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Jones Apparel (JNY) shares rally after Q4 loss narrows]]>http://www.bloggingstocks.com/2008/02/13/jones-apparel-jny-shares-rally-after-q4-loss-narrows/http://www.bloggingstocks.com/2008/02/13/jones-apparel-jny-shares-rally-after-q4-loss-narrows/http://www.bloggingstocks.com/2008/02/13/jones-apparel-jny-shares-rally-after-q4-loss-narrows/#commentsFiled under: , ,

Really, Jones Apparel Group Inc. (NYSE: JNY) could not have picked a better day to report fourth quarter earnings if it tried. When the government reports surprisingly strong retail sales for January, with clothes in particular up 1.4% during the month, that fact can only help a clothing retailer.

Jones, still executing its restructuring plan, said its fourth-quarter net loss narrowed to $89.8 million, or $1.06 per share, from $269.5 million, or $2.51 per share, last year. Without the gain on the sale of its high-end department-store chain, Barneys New York, and other costs, net income was nine cents per share, beating the seven cents per share analysts had been expecting.

Jones, which exited several lines during the quarter and along with the rest of the market suffered from weak holiday shopping season, posted a 17% decline in revenue to $838.5 million from $1.01 billion last year. Analysts expected revenue of $874.8 million. To get a better feel for the retailer's performance during the quarter, same-store sales fell 4.8%.

Continue reading Jones Apparel (JNY) shares rally after Q4 loss narrows

Jones Apparel (JNY) shares rally after Q4 loss narrows originally appeared on BloggingStocks on Wed, 13 Feb 2008 12:54:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>anne kleinAnneKleinearningsGloria VanderbiltGloriaVanderbiltinthenewsjnyjones appareljones new yorkJonesApparelJonesNewYorknine westNineWestwal-martwmtWed, 13 Feb 2008 12:54:00 EST<![CDATA[Jones Apparel earnings disappoint]]>http://www.bloggingstocks.com/2007/08/01/jones-apparel-earnings-dissapoints-investors/http://www.bloggingstocks.com/2007/08/01/jones-apparel-earnings-dissapoints-investors/http://www.bloggingstocks.com/2007/08/01/jones-apparel-earnings-dissapoints-investors/#commentsFiled under: , , , , , ,

It has been a tough start of the day for Jones Apparel Group (NYSE: JNY) after reporting an unexpected second quarter loss this morning. The stock fell sharply this morning, setting a new 52-week low.

Analysts had expected a profit of $0.31 per share, and were stunned by the loss of $0.44 per share. Excluding some special items, the company earned $0.17 per share, marking the second straight quarter that the company has failed to meet estimates.

The company blamed its poor performance on a tough retail market, which led to weak same stores sales. The troubles that the retail market created forced Jones to slash many of its prices just to get some of its excess inventory out the door.

Also making news this morning was the company's decision to sell its subsidiary Barneys New York Inc. The company has accepted a $900 million offer from Fast Retailing. Jones bought Barneys New York, a chain of upscale department stores, for $400 million.

Continue reading Jones Apparel earnings disappoint

Jones Apparel earnings disappoint originally appeared on BloggingStocks on Wed, 01 Aug 2007 10:54:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>apparelbarneysBarneys New YorBarneysNewYordisappointing quarterDisappointingQuarterfashioninthenewsjnyjones new yorkJonesNewYorknine westNineWestretailWed, 01 Aug 2007 10:54:00 EST<![CDATA[Stock Screener: Jones Apparel's brands too mature?]]>http://www.bloggingstocks.com/2007/04/12/stock-screener-jones-apparels-brands-too-mature/http://www.bloggingstocks.com/2007/04/12/stock-screener-jones-apparels-brands-too-mature/http://www.bloggingstocks.com/2007/04/12/stock-screener-jones-apparels-brands-too-mature/#commentsFiled under: , , , ,

Stock screeners are tools that let investors filter through a large number of stocks according to chosen criteria. While helping investors pick stocks and narrow down options, it is important to remember that a stock screener is just a tool and every investment should be analyzed on its own merits to make sure it fits with your personal portfolio and risk characteristics. This is my weekly column that finds interesting investment opportunities with the help of our Stock Screener.

Update: I've written the post before the recent rumors reported in the New York Post about Barneys New York possibly being bought by Dubai oil sheiks. While I did mention that I've noticed increased activity in JNY trading, the reason was unclear. I now expanded further on the matter at the end of the post.

Last Friday was Good Friday and like every good Canadian who lives along the U.S. border, we decided we couldn't handle one day without shopping (stores in Canada were closed). So we drove to Buffalo. Bargain huntin'. With the low U.S. dollar, bargains are even better. We went to the outlet mall and, as usual, I got stuck at Jones New York, hubby at Liz Claiborne.

Last week I came across an article in Forbes about the possibility of Gianni Versace S.p.A. going public. Versace had recently announced it swung a profit in 2006 and that it plans to further expand in Asia. A Versace IPO could be worth $1.2 billion. A Wall Street Journal article mentioned that a few other private fashion houses might also consider public offering [subscription] next year, including Prada SpA.

Naturally, with all this in my head, I wanted to see how the U.S. fashion stores are doing. In the Stock Screener, I chose the Women's Clothing industry and a minimum $1 billion market capitalization. Lo and behold, the stock screener returned Liz Claiborne Inc. (NYSE: LIZ) and Jones Apparel Group Inc. (NYSE: JNY).

Continue reading Stock Screener: Jones Apparel's brands too mature?

Stock Screener: Jones Apparel's brands too mature? originally appeared on BloggingStocks on Thu, 12 Apr 2007 12:58:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>anne kleinAnneKleinjnyjones appareljones new yorkJonesApparelJonesNewYorklizliz claiborneLizClaibornepolo ralph laurenPoloRalphLaurenrlurban outfittersUrbanOutfittersurbnThu, 12 Apr 2007 12:58:00 EST