By  on July 28, 2010

Jones Apparel Group Inc. is hoping that a vigilant approach to costefficiencies will help it limit the impact of higher prices that appearlikely to start showing up in stores toward the end of the year.

WesleyCard, chief executive officer, discussed the price situation on aconference call with analysts after the company reported second-quarterprofits that nearly doubled year-ago levels and beat consensusestimates. The Jones executive said cost pressures will begin to affectprices of some goods in the fourth quarter, and more so in spring 2011.While prices for leather and cotton have moved up sharply, Card said the“cotton impact is starting to moderate and…the supply is now comingon-stream much stronger and should catch up to demand.”

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus