Dip in Jones Group revenues for 2013 - footwearbiz: Leading site for g

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Dip in Jones Group revenues for 2013

11/02/2014
The owner of footwear brands including Kurt Geiger, Stuart Weitzman and Brian Atwood has reported a drop in revenues for the fourth quarter of 2013 to $889 million, compared with $972 million the year prior.

The Jones Group’s revenues for 2013 were $3.77 billion, compared with $3.8 billion in 2012. Last year the group embarked in a cost-cutting and restructuring plan, and was bought by private equity firm Sycamore Partners for $1.2 billion in December.

CEO Wesley Card said: "We continue to take definitive actions to enhance profitability and are encouraged by the impact of these initiatives. We believe our approach to brand management and focus on our core brands will prove beneficial to future results." 







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