The headline over a story on Jones Apparel Group on page 19, July 27, misstated the performance of the company’s stock. The headline should have reflected that the price of the stock fell 21 percent in trading on Tuesday, when the firm released second-quarter earnings. Those earnings were 11.6 percent ahead of a year ago, but shy of Wall Street forecasts. The company also reported third-quarter margins would be under pressure due to high inventories.
The headline over a story about three creditors filing an involuntary Chapter 11 petition on Brooklyn Apparel Group Inc. on page 16, July 27, incorrectly described the petition as a Chapter 7 filing.