Boneparth concluded, "We are very pleased with the progress of our strategic operating review and initiatives that are well underway. An update on those initiatives is summarized below. We anticipate that we will realize cost reductions of approximately $30 million in 2006, which will serve to offset the impact from the Federated-May consolidation."
The company's Board of Directors has declared a regular quarterly cash dividend of $0.12 per share to all common stockholders of record as of March 3, 2006 for payment on March 17, 2006.
Jones Apparel Group Inc is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories.
marketing@alchempro.com
