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March 28, 2015 8:45 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Nine West Holdings, Inc.

Company Overview

Nine West Holdings, Inc. designs, markets, and wholesales apparel, footwear, jeanswear, jewelry, and handbags in the United States and internationally. It operates through six segments: Domestic Wholesale Sportswear; Domestic Wholesale Jeanswear; Domestic Wholesale Footwear and Accessories; Domestic Retail; International Wholesale; and International Retail. The company offers career and casual sportswear, jeanswear, dresses, suits, skirts, pants, shorts, jackets, blouses, casual tops, sweaters, and related accessories for the women’s, juniors, and girls markets. It also provides branded and private label footwear, handbags, small leather goods, and costumes, as well as semi-precious, sterlin...

1129 Westchester Aveue

White Plains, NY 10604

United States

Founded in 1970

5,970 Employees

Phone:

800-999-1877

Fax:

914-640-1612

Key Executives for Nine West Holdings, Inc.

Founder and Non-Executive Chairman
Age: 86
Acting Chief Financial Officer, Chief Accounting Officer, Executive Vice President and Controller
Age: 47
Chief Operating Officer and Executive Vice President of Customer Relations & Corporate Credit
Age: 53
Chief Executive Officer of Jones Suit Divisions and Head of Dress Unit
Age: 61
Chief Executive Officer of Jewelry Division Handbags and Small Leather Goods
Compensation as of Fiscal Year 2014.

Nine West Holdings, Inc. Key Developments

Jones New York Closes its Stores

Jones New York announced that it is closing stores, discontinuing its wholesale business and will look at strategic alternatives for its brand. The company says that it is making the move after a review of its recent performance and outlook. Jones New York was acquired by Sycamore Partners last year as part of a $1.2 billion deal, or $2.2 billion including debt. None of the other business units acquired as part of The Jones Group Inc. transaction are affected. The company said that it will close 127 Jones New York Outlet stores and discontinue its wholesale business over during 2015. It also said it will pursue strategic alternatives for the brand, but did not say what was under consideration. Nickelodeon to offer subscription service.

Jones Group Pursuing Strategic Alternatives

Nine West Holdings, Inc. (The Jones Group Inc.) will considering strategic alternatives for the Jones New York brand. In conjunction with this action, Nine West Holdings, Inc. will discontinue its wholesale business and close its retail locations over the course of 2015. Andrew Hede, Interim Chief Executive Officer of Nine West Holdings, Inc. said, "Following a thorough strategic review of Jones New York's recent performance and outlook, we have decided to discontinue the Jones New York wholesale business and close all 127 Jones New York outlet stores. We recognize that the Jones New York brand is important to many loyal customers, and we are pursuing strategic alternatives for the brand."

Nine West Holdings Inc, Q1 2014 Earnings Call, Jun 05, 2014

Nine West Holdings Inc, Q1 2014 Earnings Call, Jun 05, 2014

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