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Fashion Jobs
EXPLODE SERVICES
Manager ie Garment Exports
Permanent · Noida
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
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OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
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NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
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Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
By
Reuters
Published
Jan 23, 2011
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Jones Group hits 18-month low on weak results

By
Reuters
Published
Jan 23, 2011

Jones
NEW YORK | Fri Jan 21, 2011 - (Reuters) - Jones Group Inc (JNY.N) shares hit their lowest point in nearly 18 months a day after the apparel and footwear company reported weak preliminary holiday quarter results and warned it would struggle with high cotton costs in 2011.

Shares in Jones Group, whose brands include Nine West, Jones New York and Anne Klein, were down 11 percent to $12.21 in morning trading on Friday, their lowest point since July 30, 2009.

Jones said on Thursday after the market closed that it expects its fourth quarter earnings to fall short of expectations.

The company will report definitive quarterly results on February 9.

Chief Executive Wesley Card said in a statement on Thursday that consumers would resist higher price tags on clothes despite the sharp increase in cotton prices, and that consumers still needed deep discounts to shop during the recent holiday season.

Earlier this month, rival Liz Claiborne Inc (LIZ.N), whose shares fell 2.8 percent on Friday, also said discounts to woo shoppers had hurt December sales.

Cotton prices nearly doubled in 2010 forcing retailers to choose between losing sales if shoppers balk at higher prices, or taking a hit to margins.

In October 27, Jones Group reported third quarter results that also missed Wall Street forecasts, sending shares plummeting.

"The stock is unlikely to get much support until it stops missing expectations," Lazard analyst Todd Slater said in a note to clients on Friday.

Shares have fallen by nearly half since late April.

(Reporting by Phil Wahba; Editing by Derek Caney)

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