Jones Group's third-quarter profit fell 56.8% cost

NEW YORK cheap quality luxury handbags  - The Dow Jones Group Co., Ltd. today announced its third-quarter profit declined 56.8% drag special charges and stand to promote its retail business.
The quarter ended September 29, the parent NINE WEST Stuart Weitzman companies released earnings of $ 17.4 million, or 22 cents per share, from $ 41 million, or 49 cents per share, the same as the same period last year.

However, does not include the cost of severance pay and write down some of the related assets, store closings and other restructuring costs, as well as some related to currency fluctuations and other items of income and expense related costs, the company earned 57 cents. Analysts' average expectations, which typically do not include special items, earnings per share of 32 cents expected return.
Total revenue slid down compared with last year, to $ 103.5 million, $ 104.3 million U.S. dollars.
A 6.7% decline in sales of the company's U.S. stores. Analysts expected sales of $ 1.05 billion.
"We are very pleased with the results we are achieving in the third quarter, we continue to see the interests of conservative inventory planning and control," said Wesley, Chief Executive Officer R. cards.
"Confidence" improved Q4
Our domestic wholesale footwear and accessories, denim garment enterprises are our best performers, our structured sportswear business and retail channels still more challenging and promote our international segment continued to perform very well , especially in the face of a difficult economic environment, especially in Western Europe, "Card said.
U.S. department store footwear sales rose 9.7%, cautious about the uncertainty of consumer spending in the face of retailers order products.
Jeans wholesale business, Jones tried to sell last year, is a bright spot, also with an increase of 8.2%.
Jones in the end of the first quarter to $ 234 million in cash and our undrawn revolver, added: "John T McLean, Chief Financial Officer," Our approach to inventory commitments still to be conservative, we will continue to emphasis on strict cost control, we believe that these actions will enable us to continue to maintain a strong balance sheet. "
Card said that the company "positioning" of the fourth quarter and beyond.
"We have received a positive response from our wholesale customers enhanced products and ship in the fourth quarter of 2012 and the spring of 2013 in our brand, we have the confidence to continue to improve the final product into increased sales and improve retail performance quality 1:1 luxury brands handbags for sale, "he said.