NEW YORK — Recent acquisitions and tight inventory controls lifted Jones Apparel Group Inc. to double-digit gains in second-quarter profits and revenue.
In a conference call following the release of earnings, Peter Boneparth, president and chief executive officer, said the firm was "very comfortable" with the Aug. 14 deadline for certification of financial results by executives of public firms. He also added Jones to the list of firms committed to recording its stock options as a compensation expense, making it the first apparel firm to do so.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"