Form 8-K

JONES APPAREL GROUP, INC.
(Exact Name of registrant as specified in its charter)

Pennsylvania

(State or Other Jurisdiction of Incorporation)

1-10746

(Commission File Number)

06-0935166

(IRS Employer Identification No.)

	1411 Broadway New York, New York 10018 (Address of principal executive offices)
	(212) 642-3860 (Registrant's telephone number, including area code)
	Not Applicable Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

On January 29, 2007, Jones Apparel Group, Inc. (the "Company") issued a press release announcing an anticipated charge to be recorded for the impairment of goodwill and trademarks for the 2006 fourth quarter, as discussed under Item 2.06 below, an anticipated net loss for the 2006 fourth quarter and full year and anticipated adjusted earnings per share for the 2006 fourth quarter and full year. A copy of the press release is attached as Exhibit 99.1 to this report.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The press release attached as Exhibit 99.1 contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles. The Company is presenting non-GAAP information regarding the effect on earnings per share of the strategic review of its infrastructure, the loss on the sale of the Polo Jeans Company business, gain on sale of stock in an unrelated company, goodwill and trademark impairment, restructuring costs, the costs associated with the termination of certain licensing agreements and certain other items.

These non-GAAP measures are provided to enhance the user's overall understanding of the Company's current financial performance. Specifically, the Company believes the non-GAAP results provide useful information to both management and investors by excluding certain expenses that may not be indicative of the Company's core operating results. In addition, because the Company has historically reported certain non-GAAP results to investors, the Company believes the inclusion of non-GAAP numbers provides consistency in its financial reporting. These measures should be considered in addition to results prepared in accordance with GAAP, but are not a substitute for or superior to GAAP results. The non-GAAP measures of adjusted net income and projected adjusted diluted earnings per share included in the attached press release have been reconciled to the equivalent GAAP measure.

On January 29, 2007, the Company announced that it had completed its annual goodwill and trademark impairment analysis for 2006 as required by SFAS No. 142, "Goodwill and Other Intangible Assets" and that, as a result of the analysis, it expects to record a charge of approximately $491.4 million during the fiscal quarter ended December 31, 2006 for the impairment of goodwill and trademarks, primarily within its wholesale moderate apparel segment.

The Company concluded that the goodwill balance existing in its wholesale moderate apparel segment was impaired in the amount of approximately $441.2 million as a result of continuing decreases in projected revenues and profitability for the Norton McNaughton and l.e.i. product lines, along with changes in business strategy with respect to the Norton McNaughton brand. It also determined that such decrease in projected revenues for the Norton McNaughton product line and continuing decreases in projected revenues for certain other apparel, footwear and costume jewelry product lines will require it to record a trademark impairment charge of approximately $50.2 million during the fiscal quarter ended December 31, 2006. Neither of these impairment charges will result in any future cash expenditures.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

JONES APPAREL GROUP, INC.
(Registrant)

By: /s/ Efthimios P. Sotos
Efthimios P. Sotos
Chief Financial Officer

Exhibit No.	Description
99.1	Press Release of the Registrant dated January 29, 2007