Top 3 Sources of Value for Jones Apparel Group

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Jones Apparel Group ( JNY ) is a multi-brand company that designs and markets women's and children's apparel, footwear, accessories, fragrances and jewelry. The company sells its products through third-party specialty retail stores and department stores, in addition to the company's own retail stores, and it competes directly with comparable holding companies such as Liz Claiborne (NYSE:LIZ) and Phillips-Van Heusen (NYSE:PVH) as well as department store mainstays such as Polo Ralph Lauren (NYSE:RL) and store-owned private labels.

We maintain a $16.86 Trefis price estimate for Jones Apparel Group's stock, which is about 35% above the market price. Below we take a look at 3 business segments which mean the most for Jones Apparel Group.

1) Better Apparels Wholesale - represents 31% of the Trefis estimate for Jones

Better Apparel wholesale includes sales of brands sold in third-party specialty stores and department stores. Brands cover a broad array of categories for the women's apparel. Within those brands, various product classifications include career and casual sportswear, jeans wear, dresses, suits, and a combination of all components termed lifestyle collection.

This segment includes brands like Jones New York, Nine West, Anne Klein, Rachel Roy among others.

See the top forecasts for Better Apparel Wholesale division

2) Footwear & Accessories Wholesale - 24%

Wholesale footwear and accessories operations include the sales of both branded and private label footwear, handbags, small leather goods and costume, semi-precious, sterling silver, and marcasite jewelry.

This segment is made up of smattering of brands in JNY's portfolio which include Joan & David, Nine West, Easy Spirit, Dockers Women and many others.

See the top forecasts for Footwear & Accessories Wholesale division

3) Retail Store & Online Sales - 20%

JNY specialty retail stores sell either footwear and accessories or apparel (or a combination of these products) primarily under their respective brand names. Nine West, Easy Spirit, Bandolino and AK Anne Klein retail stores offer selections of exclusive products not marketed to our wholesale customers. Its multi-branded ShoeWoo specialty stores offer selections from many of our brand names. Specialty retail stores also sell products licensed by JNY, including belts, legwear, outerwear, watches and sunglasses.

JNY specialty retail stores focus on women's attire needs and offer a full range of career and casual separates, dresses, tops, weekend wear, shoes and accessories.

JNY stores compete in the "better" priced category with clothing targeted at affluent career women.

See the top forecasts for Retail Store & Online Sales division

See our full analysis for Jones Apparel Group .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks , US Markets

Referenced Stocks: ANF , ANN , JNY

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