CEO for Jones Apparel Group States Business is Stabilizing
Jones Apparel Group Inc CEO Wesley Card said at the Reuters Global Retail Summit in New York: “Business is a little better than expected, we feel like things have stabilized and steadied out, particularly in the tier we operate in, at department stores and down.”
Wesley Card is seeing business stabilize and does not expect markdowns in the holiday shopping season to be deep as they were a year earlier, the chief executive said on Thursday.
“As we go through this year, there’s going to be less stock,” he said. “Retailers have commented that they have less merchandise being marked down.”
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