Jones Apparel Group reported net income of only $25.8 million...

Jones Apparel Group reported net income of only $25.8 million for the 1st quarter, down from $87.0 million in the year-ago period. Revenues fell to $1,215.3 million from $1,349.3 million. The declines were mainly due to the disposal of the Polo Ralph Lauren jeans business, which caused an extraordinary charge ...

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