Filed under: Jones Apparel Group (JNY), Stocks to Buy
When considering retail plays, one should tread carefully, as the sector, simply, is a minefield. But, Jones Apparel Group, Inc. (JNY), first discussed on December 15, 2009 at a price of $16.55, is likely sector survivor. Here's why:Jones Apparel is a multi-brand apparel and accessories company that operates at both the wholesale and retail levels.
Jones strategic decision to emphasize a few brands (Jones New York, Nine West, Gloria Vanderbilt, and l.e.i.) is working, and should post improving results as the U.S. economic expansion strengthens. Look for JNY's revenue to increase a decent 2-3% in 2010.
Continue reading Jones Apparel: Core-Brand Focus Starts to Pay-Off
Jones Apparel: Core-Brand Focus Starts to Pay-Off originally appeared on BloggingStocks on Thu, 03 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.
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