By  on April 29, 2009

Shares of Jones Apparel Group jumped 14.3 percent in trading Wednesday after the company’s small first-quarter profit beat Wall Street’s expectations and the firm said it will prune 225 unprofitable store sites over the next 18 months.

Shares closed Wednesday at $9.21, up $1.15, on the New York Stock Exchange, their highest final price since Nov. 5.

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