- Language: English
- Published: October 2012
Summary: Jones Group Inc. Nov 11
- Published: November 2011
- Standard & Poors
The ratings on Bristol, Pa.-based Jones Group Inc. reflect the company's financial risk profile, which we characterize as significant. In addition, we view the company's business risk profile as fair, given the very competitive nature of the apparel and footwear businesses, and the company's concentration in the department store channel. We also factor into our business risk assessment the company's scale and portfolio of well-recognized brands in the women's apparel and footwear segments (including the Jones brands, Nine West, Anne Klein, Rachel Roy, Stuart Weitzman, Gloria Vanderbilt, Robert Rodriguez, and l.e.i.) and its product portfolio diversity. The ratings also reflect the company's ability to generate positive cash flow despite still weak economic conditions. We believe Jones' credit metrics, which weakened...
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- Jones Group Inc.
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- Jones Group Inc.