8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):
July 27, 2011

THE JONES 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))

Item 2.02  Results of Operations and Financial Condition.

On July 27, 2011, The Jones Group Inc. (the "Company") issued a press release reporting its results of operations for the fiscal quarter ended July 2, 2011.

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. To supplement the Company's consolidated financial statements presented in accordance with GAAP, it is presenting non-GAAP information regarding the effect on earnings per share from costs related to, among other things:

• severance, fixed asset impairment and other charges and credits related to the closure of underperforming retail locations;

• the amortization of the acquired order backlog from the acquisitions of Moda Nicola International, LLC ("Robert Rodriguez"), Stuart Weitzman Holdings, LLC ("Stuart Weitzman") and KG Group Holdings Limited ("Kurt Geiger") and the fair value adjustment of the contingent consideration payable for the Robert Rodriguez and Stuart Weitzman acquisitions;

• investment consulting fees, legal fees, accounting fees and other items related to the Robert Rodriguez, Stuart Weitzman and Kurt Geiger acquisitions and other business development activities;

• present value adjustments to lease liabilities for properties currently not in use;

• the write-off of deferred financing fees related to the amendment and extension of the Company's credit facility;

• severance, occupancy, and other costs related to the exit from or restructuring of certain other product lines and other charges not considered by management to be part of ongoing operations; and

• severance and other expenses associated with the closure of the Texas warehouse.

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 adjusted diluted earnings per share included in the attached press release have been reconciled to the equivalent GAAP measure.

Item 7.01 Regulation FD Disclosure.

PowerPoint Slide Presentation

A copy of the PowerPoint slide presentation to be made during the conference call with Company management on July 27, 2011 concerning the Company's results of operation for the fiscal quarter ended July 2, 2011 is attached as Exhibit 99.2 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 (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Revisions to Segment Reporting

The Company identifies operating segments based on, among other things, differences in products sold and the way the Company's management organizes the components of its business for purposes of allocating resources and assessing performance. With the addition of Kurt Geiger on June 2, 2011, the Company has redefined its reportable operating segments to better reflect its expanding international operations. The Company's operations are now comprised of six reportable segments: domestic wholesale sportswear, domestic wholesale jeanswear, domestic wholesale footwear and accessories, domestic retail, international wholesale and international retail. Segment revenues are generated from the sale of apparel, footwear and accessories through wholesale channels and the Company's own retail locations. The wholesale segments include wholesale operations with third party department and other retail stores, the retail segments include operations by the Company's own stores, concession locations and e-commerce web sites, and income and expenses related to trademarks, licenses and general corporate functions are reported under "licensing, other and eliminations." The Company is filing this information to help investors better understand these changes.

The new international wholesale segment includes: the wholesale operations of Kurt Geiger, which was acquired on June 2, 2011; the wholesale operations of Jones Apparel Group Canada LP ("Jones Canada") and the Mexican operations of Jones Apparel Group USA, Inc., which were previously reported in both the wholesale better apparel and wholesale jeanswear segments; and the international wholesale operations of Stuart Weitzman and JAG Footwear, Accessories and Retail Corporation, which were previously reported in the wholesale footwear and accessories segment. The wholesale better apparel segment has been renamed the domestic wholesale sportswear segment, the wholesale jeanswear segment has been renamed the domestic wholesale jeanswear segment, and the wholesale footwear and accessories segment has been renamed the domestic wholesale footwear and accessories segment.

The new international retail segment includes the retail operations of Kurt Geiger and The Jones Group Spain, S.L., and the international retail operations of Stuart Weitzman and Jones Canada, which were previously reported in the retail segment. The retail segment has been renamed the domestic retail segment.

The Company defines segment income as operating income before net interest expense, goodwill impairment charges, gains or losses on sales of subsidiaries, equity in earnings of unconsolidated affiliates and income taxes. Sales and transfers between segments generally are recorded at cost and treated as transfers of inventory, which are not reviewed when evaluating segment performance. The wholesale segments allocate to the retail segments a portion of their selling, general and administrative costs related to the inventory transferred to those divisions where the retail operations benefit from those costs.

To assist readers of the Company's financial statements in analyzing these reporting changes and making comparisons of the Company's financial information, the Company is voluntarily furnishing a summary of previously-disclosed historical financial information for 2010, 2009 and 2008, each interim period of 2010 and the first fiscal quarter of 2011, revised to reflect the new operating segment structure, which is attached hereto as Exhibit 99.3. The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report the operating profit and other financial information as shown in the revised segment presentation. The preliminary information in Exhibit 99.3 represents management's calculations as of the date of this filing, which may change as final organizational changes may continue to take place during 2011.

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

Item 9.01  Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Press Release of the Registrant dated July 27, 2011.
99.2	PowerPoint slide presentation dated July 27, 2011.
99.3	Revised Segment Revenue/Operating Income (Loss) Tables for 2010, 2009 and 2008, each interim period of 2010 and the first fiscal quarter of 2011.

2

 SIGNATURES

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.

THE JONES GROUP INC.
(Registrant)

By: /s/ John T. McClain 
     John T. McClain
     Chief Financial Officer

 Date: July 27, 2011

 3

Exhibit Index

Exhibit No.	Description
99.1	Press Release of the Registrant dated July 27, 2011.
99.2	PowerPoint slide presentation dated July 27, 2011.
99.3	Revised Segment Revenue/Operating Income (Loss) Tables for 2010, 2009 and 2008, each interim period of 2010 and the first fiscal quarter of 2011.

4

EX-99

EXHIBIT 99.1

FOR IMMEDIATE RELEASE
The Jones Group Inc.

Investor Contact:
John T. McClain, Chief Financial Officer
The Jones Group Inc.
(212) 703-9189

Media Contacts:
Joele Frank and Jennifer Friedman
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

THE JONES GROUP INC. REPORTS 2011 SECOND QUARTER RESULTS

New York, New York - July 27, 2011 - The Jones Group Inc. (NYSE: JNY) today reported results for the second quarter ended July 2, 2011. Revenues for the second quarter of 2011 were $888 million, as compared with $860 million for the second quarter of 2010.

The Company reported adjusted earnings per share ("EPS") of $0.33 for the second quarter of 2011, as compared with adjusted earnings per share of $0.45 in the same period last year. Results for both periods exclude the impact of acquisition-related charges, the impact of severance, restructuring activities and certain other charges (see reconciliation of adjusted earnings to reported earnings in the accompanying schedule).

As reported under generally accepted accounting principles ("GAAP"), the Company reported earnings per share of $0.06 for the second quarter of 2011, as compared with earnings per share of $0.30 for the same period last year. The 2011 second quarter results include costs and charges of approximately $23 million ($15 million after tax) related to the acquisition of the Stuart Weitzman business and $12 million ($8 million after tax) related to the lease of an unused facility, among other items. In the prior year quarter, results included charges of approximately $12 million ($8 million after tax) related to the acquisitions of the Stuart Weitzman and Robert Rodriguez businesses and $10 million ($6 million after tax) of other restructuring and strategic review costs.

Wesley R. Card, The Jones Group Chief Executive Officer, stated: "We are pleased with our results for the second quarter. Our operating trends in the core businesses continue to improve as a result of our focus on brand management, inventory planning and controlling costs and expenses. Since we completed the acquisition of Stuart Weitzman a year ago, the brand has performed exceptionally well and experienced strong growth, both domestically and internationally. We also continue to optimize our portfolios' existing and new brands, and with the acquisition of Kurt Geiger, we are further expanding our reach into the luxury sector and internationally."

The following notable events have recently occurred:

• acquired Kurt Geiger, Europe's largest luxury footwear retailer based in the United Kingdom;
• entered into an exclusive international license agreement with Philip Simon Brands Group, Inc. for the creation, production, marketing and global distribution of a fashion sneaker collection under the Nine West brand;
• enhanced its Board of Directors with the addition of three experienced, independent Directors; and
• amended and extended its $650 million senior secured credit facility.

Cash provided by operations during the six months was $66 million, compared with cash provided by operations of $26 million in the prior year. The current year results reflect lower working capital requirements and lower income tax payments, partially offset by lower earnings. The Company continues to have no amounts drawn under its $650 million of committed revolving credit facilities.

John T. McClain, The Jones Group Chief Financial Officer, commented: "We had another solid quarter and our financial position remains strong. We ended the quarter with $146 million of cash after funding the acquisition of Kurt Geiger and our revolver was undrawn. We entered 2011 with a more conservative, tightened inventory buy plan and we will continue operating in the same manner for the remainder of the year. We will continue to focus on inventory management and expense control to improve margins and maintain a strong balance sheet."

Mr. Card concluded: "While consumer confidence and sentiment continues to be impacted by mixed economic signals, we are cautiously optimistic about the retail environment for the second half. We continue to be disciplined in our spending and are prudently positioning our businesses for long-term growth."

The acquisition of Kurt Geiger has impacted the way the Company manages and analyzes its operating results. Effective with the reporting of the second quarter 2011 results, the Company modified and expanded its reporting segments to reflect the Company's expanding international operations and to enhance the clarity and transparency of operating results. The modified segments are Domestic Wholesale Sportswear, Domestic Wholesale Jeanswear, Domestic Wholesale Footwear and Accessories, International Wholesale, Domestic Retail and International Retail. The principal changes associated with the updated segment presentation were to segregate the international businesses from the domestic businesses and to adjust the manner in which intercompany transactions are reflected. The changes in reporting segments impact the segment results only and do not impact the consolidated financial results of The Jones Group.

The Company is providing unaudited supplemental information presenting historical financial results under the new segment reporting format in its Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission.

The Company's Board of Directors has declared a regular quarterly cash dividend of $0.05 per share to all common stockholders of record as of August 12, 2011 for payment on August 26, 2011.

The Company will host a conference call with management to discuss these results at 8:30 a.m. eastern time today, which is accessible by dialing 412-858-4600 or through a web cast at www.jonesgroupinc.com. The call will be recorded and made available through August 4, 2011 and may be accessed by dialing 877-344-7529. Enter account number 452010. A slide presentation will accompany the prepared remarks and has been posted on the investor relations section of the Company's website.

Presentation of Information in the Press Release

Financial information discussed in this press release includes both GAAP and non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported results and are intended to illustrate what management believes are relevant period-over-period comparisons. A complete reconciliation of reported GAAP results to the comparable non-GAAP information appears in the financial tables section of this press release.

About The Jones Group Inc.

The Jones Group Inc. (www.jonesgroupinc.com) is a leading global designer, marketer and wholesaler of over 35 brands with best-in-class product expertise across five divisions: apparel, footwear, jeanswear, jewelry and handbags. The Jones Group has a reputation for innovation, excellence in product quality and value, operational execution and talent. The Company also markets directly to consumers through branded specialty retail and outlet stores and through its e-commerce sites.

The Company's internationally recognized brands and licensing agreements (L) include: Nine West, Jones New York, Anne Klein, Kurt Geiger, Rachel Roy (L), Robert Rodriguez, Robbi & Nikki, Stuart Weitzman, B Brian Atwood (L), KG by Kurt Geiger, Boutique 9, Easy Spirit, Carvela, Gloria Vanderbilt, l.e.i., Bandolino, Enzo Angiolini, Nine & Co., GLO, Joan & David, Miss KG, Jones Wear, Andrew Marc/Marc Moto (L), Kasper, Energie, Evan-Picone, Le Suit, Mootsies Tootsies, Grane, Erika, Napier, Jessica Simpson (L), Dockers (L), Sam & Libby, Givenchy (L), Judith Jack, Albert Nipon and Pappagallo.

Forward Looking Statements

Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding the Company's expected financial position, business and financing plans are forward-looking statements. The words "believes," "expects," "plans," "intends," "anticipates" and similar expressions identify forward-looking statements. Forward-looking statements also include representations of the Company's expectations or beliefs concerning future events that involve risks and uncertainties, including:

• those associated with the effect of national, regional and international economic conditions;
• lowered levels of consumer spending resulting from a general economic downturn or lower levels of consumer confidence;
• the tightening of the credit markets and the Company's ability to obtain capital on satisfactory terms;
• given the uncertain economic environment, the possible unwillingness of committed lenders to meet their obligations to lend to borrowers, in general;
• the performance of the Company's products within the prevailing retail environment;
• customer acceptance of both new designs and newly-introduced product lines;
• the Company's reliance on a few department store groups for large portions of the Company's business;
• the Company's ability to identify acquisition candidates and, in a competitive environment for such acquisitions, acquire such businesses on reasonable financial and other terms;
• the integration of the organizations and operations of any acquired businesses into the Company's existing organization and operations;
• consolidation of the Company's retail customers;
• financial difficulties encountered by the Company's customers;
• the effects of vigorous competition in the markets in which the Company operates;
• the Company's ability to attract and retain qualified executives and other key personnel;
• the Company's reliance on independent foreign manufacturers, including political instability in countries where contractors and suppliers are located;
• changes in the costs of raw materials, labor, advertising and transportation, including the impact such changes may have on the pricing of the Company's products and the resulting impact on consumer acceptance of the Company's products at higher price points;
• the Company's ability to successfully implement new operational and financial computer systems; and
• the Company's ability to secure and protect trademarks and other intellectual property rights.

A further description of these risks and uncertainties and other important factors that could cause actual results to differ materially from the Company's expectations can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, including, but not limited to, the Statement Regarding Forward-Looking Disclosure and Item 1A-Risk Factors therein, and in the Company's other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such expectations may prove to be incorrect. The Company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

THE JONES GROUP INC.
CONSOLIDATED OPERATING RESULTS
(UNAUDITED)

All amounts in millions, except per share data		SECOND QUARTER										FISCAL SIX MONTHS
		2011					2010					2011					2010
Net sales		$	876.7		98.8	%	$	849.0		98.8	%	$	1,825.7		98.8	%	$	1,725.2		98.8	%
Licensing income			10.4		1.2			10.3		1.2			22.5		1.2			21.3		1.2
Other revenues			0.3		0.0			0.3		0.0			0.5		0.0			0.4		0.0
Total revenues			887.4		100.0			859.6		100.0			1,848.7		100.0			1,746.9		100.0
Cost of goods sold			564.3		63.6			542.4		63.1			1,194.9		64.6			1,103.5		63.2
Gross profit			323.1		36.4			317.2		36.9			653.8		35.4			643.4		36.8
SG&A expenses			278.2		31.4			261.9		30.5			547.7		29.6			511.8		29.3
Income from operations			44.9		5.1			55.3		6.4			106.1		5.7			131.6		7.5
Net interest expense and financing costs			(37.0	)	(4.2	)		(14.3	)	(1.7	)		(58.2	)	(3.1	)		(26.3	)	(1.5	)
Equity in income (loss) of unconsolidated affiliate			0.7		0.1			-		-			2.0		0.1			(1.8	)	(0.1	)
Income before provision for income taxes			8.6		1.0			41.0		4.8			49.9		2.7			103.5		5.9
Provision for income taxes			3.2		0.4			15.2		1.8			18.7		1.0			38.3		2.2
Net income			5.4		0.6			25.8		3.0			31.2		1.7			65.2		3.7
Less: income attributable to noncontrolling interest			0.2		0.0			0.1		0.0			0.4		0.0			0.3		0.0
Income attributable to Jones		$	5.2		0.6	%	$	25.7		3.0	%	$	30.8		1.7	%	$	64.9		3.7	%
Earnings per share (1)
	Net income	$	5.4				$	25.8				$	31.2				$	65.2
	Less: income attributable to noncontrolling interest		0.2					0.1					0.4					0.3
	Income attributable to Jones		5.2					25.7					30.8					64.9
	Less: income allocated to participating securities		0.2					1.2					0.8					3.0
	Income available to common stockholders of Jones	$	5.0				$	24.5				$	30.0				$	61.9
Shares outstanding - diluted			83.2					82.7					83.3					82.6
Earnings per share - diluted		$	0.06				$	0.30				$	0.36				$	0.75

Percentages may not add due to rounding.

(1) Earnings per share is calculated under the "two-class method," where income is allocated between common shares and participating securities (unvested restricted shares held by employees that have a nonforfeitable right to dividends). Both our common shares and participating securities share equally in dividend payments and earnings.

THE JONES GROUP INC.
Reconciliation of Non-GAAP Measures to GAAP
for the quarters and six months ended July 2, 2011 and July 3, 2010

All amounts in millions, except per share data		SECOND QUARTER						FISCAL SIX MONTHS
		2011			2010			2011			2010
Operating income		$	44.9		$	55.3		$	106.1		$	131.6
Adjustments:
Items affecting segment income:
	Impairment and other expenses related to retail store closure plan (a)		0.8			0.3			0.3			0.1
	Charges related to acquired businesses (b)		(0.8	)		11.7			(0.9	)		15.0
	Present value adjustments to lease liabilities for properties not in use (c)		12.0			6.2			12.4			4.9
	Other restructuring expenses and certain other charges (d)		(0.2	)		3.3			1.9			4.2
Total adjustments to operating income			11.8			21.5			13.7			24.2
Adjusted operating income		$	56.7		$	76.8		$	119.8		$	155.8
Income attributable to Jones (as reported)		$	5.2		$	25.7		$	30.8		$	64.9
Provision for income taxes			3.2			15.2			18.7			38.3
Adjustments to operating income, from above			11.8			21.5			13.7			24.2
Adjustments to deferred financing costs (e)			1.9			-			1.9			-
Adjustment of remaining consideration payable related to acquisition of Stuart Weitzman (f)			22.9			0.1			31.8			0.1
Adjusted income before provision for income taxes			45.0			62.5			96.9			127.5
Adjusted provision for income taxes			16.9			23.2			36.5			47.3
Adjusted income attributable to Jones			28.1			39.3			60.4			80.2
Less: adjusted income allocated to participating securities			(0.9	)		(1.8	)		(1.8	)		(3.7	)
Adjusted income available to common stockholders		$	27.2		$	37.5		$	58.6		$	76.5
Earnings per share - diluted (as reported)		$	0.06		$	0.30		$	0.36		$	0.75
Provision for income taxes			0.04			0.18			0.22			0.44
Items affecting segment income:
	Impairment and other expenses related to retail store closure plan (a)		0.01			-			-			-
	Charges related to acquired businesses (b)		(0.01	)		0.13			(0.01	)		0.17
	Present value adjustments to lease liabilities for properties not in use (c)		0.14			0.07			0.14			0.06
	Other restructuring expenses and certain other charges (d)		-			0.04			0.02			0.05
Adjustments to deferred financing costs (e)			0.02			-			0.02			-
Adjustment of remaining consideration payable related to acquisition of Stuart Weitzman (f)			0.27			-			0.37			-
Adjusted income before provision for income taxes			0.53			0.72			1.12			1.47
Adjusted provision for income taxes			0.20			0.27			0.42			0.54
Adjusted earnings per share - diluted		$	0.33		$	0.45		$	0.70		$	0.93
Non-GAAP adjustments affecting revenue by segment (g):
	Domestic wholesale sportswear	$	-		$	-		$	-		$	-
	Domestic wholesale jeanswear (d)		0.3			-			0.3			-
	Domestic wholesale footwear and accessories		-			-			-			-
	Domestic retail		-			-			-			-
	International wholesale		-			-			-			-
	International retail		-			-			-			-
	Licensing, other & eliminations		-			-			-			-
	Total	$	0.3		$	-		$	0.3		$	-
Non-GAAP adjustments affecting income by segment (g):
	Domestic wholesale sportswear (b,d)	$	(6.9	)	$	6.1		$	(7.1	)	$	8.3
	Domestic wholesale jeanswear (c,d)		0.5			5.5			1.4			5.0
	Domestic wholesale footwear and accessories (b,c,d)		12.6			4.2			14.0			4.3
	Domestic retail (a,d)		(0.8	)		0.3			(1.1	)		(0.1	)
	International wholesale (b,d)		0.5			0.8			0.5			1.0
	International retail (b)		0.5			-			0.5			-
	Licensing, other & eliminations (b,d)		5.4			4.6			5.5			5.7
	Total	$	11.8		$	21.5		$	13.7		$	24.2

(a)	2011 and 2010 include severance, fixed asset impairment and other charges and credits related to the closure of underperforming retail locations.
(b)	2011 and 2010 include consulting fees, legal fees, accounting fees and the amortization of certain acquired intangible assets related to the acquisitions of Stuart Weitzman, Kurt Geiger (2011 only) and Robert Rodriguez. 2011 and 2010 also include the fair value adjustment of the contingent consideration payable for the Robert Rodriguez acquisition.
(c)	2011and 2010 include present value accruals and adjustments for liabilities related to leases on properties currently not in use.
(d)	2011 and 2010 include severance, occupancy, and other costs related to the exit from or restructuring of certain product lines and the closure of the Texas warehouse and certain other charges not considered by management to be part of ongoing operations. 2011 and 2010 also include consulting, legal, and accounting fees related to business development activities.
(e)	2011 includes the write-off of certain deferred financing fees related to amendment and extension of our credit facility.
(f)	Represents the periodic adjustment in accordance with GAAP of the remaining consideration payable related to the acquisition of Stuart Weitzman.
(g)	See "Segment Information" page for the presentation of GAAP and Adjusted amounts.

THE JONES GROUP INC.
SEGMENT INFORMATION
(UNAUDITED)

Dollars in millions		Domestic Wholesale Sportswear			Domestic Wholesale  Jeanswear		Domestic Wholesale  Footwear &  Accessories			Domestic Retail			International Wholesale		International Retail		Licensing,  Other &  Eliminations			Consolidated
For the fiscal quarter ended July 2, 2011
Revenues	$	203.0		$	189.1	$	188.4		$	166.5		$	76.6	$	53.4	$	10.4		$	887.4
Segment income (loss)	$	22.3		$	11.9	$	(2.4	)	$	4.9		$	9.5	$	3.5	$	(4.8	)		44.9
Segment margin		11.0%			6.3%		(1.3%	)		2.9%			12.4%		6.6%					5.1%
Net interest expense																				(37.0	)
Equity in income of unconsolidated affiliate																				0.7
Income before provision for income taxes																			$	8.6
Segment revenues	$	203.0		$	189.1	$	188.4		$	166.5		$	76.6	$	53.4	$	10.4		$	887.4
Adjustments affecting segment revenues (a)		-			0.3		-			-			-		-		-			0.3
Adjusted segment revenues	$	203.0		$	189.4	$	188.4		$	166.5		$	76.6	$	53.4	$	10.4		$	887.7
Segment income (loss)	$	22.3		$	11.9	$	(2.4	)	$	4.9		$	9.5	$	3.5	$	(4.8	)	$	44.9
Adjustments affecting segment income (a)		(6.9	)		0.5		12.6			(0.8	)		0.5		0.5		5.4			11.8
Adjusted segment income	$	15.4		$	12.4	$	10.2		$	4.1		$	10.0	$	4.0	$	0.6		$	56.7
Adjusted segment margin		7.6%			6.5%		5.4%			2.5%			13.1%		7.5%					6.4%
For the fiscal quarter ended July 3, 2010
Revenues	$	219.6		$	189.3	$	193.6		$	165.0		$	69.3	$	12.5	$	10.3		$	859.6
Segment income	$	21.1		$	13.2	$	12.9		$	1.1		$	7.2	$	3.1	$	(3.3	)		55.3
Segment margin		9.6%			7.0%		6.7%			0.7%			10.4%		24.8%					6.4%
Net interest expense																				(14.3	)
Income before provision for income taxes																			$	41.0
Segment revenues	$	219.6		$	189.3	$	193.6		$	165.0		$	69.3	$	12.5	$	10.3		$	859.6
Adjustments affecting segment revenues (a)		-			-		-			-			-		-		-			-
Adjusted segment revenues	$	219.6		$	189.3	$	193.6		$	165.0		$	69.3	$	12.5	$	10.3		$	859.6
Segment income	$	21.1		$	13.2	$	12.9		$	1.1		$	7.2	$	3.1	$	(3.3	)	$	55.3
Adjustments affecting segment income (a)		6.1			5.5		4.2			0.3			0.8		-		4.6			21.5
Adjusted segment income	$	27.2		$	18.7	$	17.1		$	1.4		$	8.0	$	3.1	$	1.3		$	76.8
Adjusted segment margin		12.4%			9.9%		8.8%			0.8%			11.5%		24.8%					8.9%

(a)  See "Reconciliation of Non-GAAP Measures to GAAP" page.

THE JONES GROUP INC.
SEGMENT INFORMATION
(UNAUDITED)

Dollars in millions		Domestic Wholesale Sportswear			Domestic Wholesale  Jeanswear		Domestic Wholesale  Footwear &  Accessories		Domestic Retail			International Wholesale		International Retail		Licensing,  Other &  Eliminations			Consolidated
For the fiscal six months ended July 2, 2011
Revenues	$	471.7		$	424.6	$	409.0	$	301.7		$	155.7	$	63.6	$	22.4		$	1,848.7
Segment income (loss)	$	53.1		$	39.9	$	15.6	$	(18.0	)	$	18.8	$	1.9	$	(5.2	)		106.1
Segment margin		11.3%			9.4%		3.8%		(6.0%	)		12.1%		3.0%					5.7%
Net interest expense																			(58.2	)
Equity in income of unconsolidated affiliate																			2.0
Income before provision for income taxes																		$	49.9
Segment revenues	$	471.7		$	424.6	$	409.0	$	301.7		$	155.7	$	63.6	$	22.4		$	1,848.7
Adjustments affecting segment revenues (a)		-			0.3		-		-			-		-		-			0.3
Adjusted segment revenues	$	471.7		$	424.9	$	409.0	$	301.7		$	155.7	$	63.6	$	22.4		$	1,849.0
Segment income (loss)	$	53.1		$	39.9	$	15.6	$	(18.0	)	$	18.8	$	1.9	$	(5.2	)	$	106.1
Adjustments affecting segment income (a)		(7.1	)		1.4		14.0		(1.1	)		0.5		0.5		5.5			13.7
Adjusted segment income (loss)	$	46.0		$	41.3	$	29.6	$	(19.1	)	$	19.3	$	2.4	$	0.3		$	119.8
Adjusted segment margin		9.8%			9.7%		7.2%		(6.3%	)		12.4%		3.8%					6.5%
For the fiscal six months ended July 3, 2010
Revenues	$	491.6		$	410.8	$	391.2	$	299.3		$	112.6	$	20.1	$	21.3		$	1,746.9
Segment income (loss)	$	65.1		$	49.5	$	34.0	$	(19.8	)	$	9.3	$	2.3	$	(8.8	)		131.6
Segment margin		13.2%			12.0%		8.7%		(6.6%	)		8.3%		11.4%					7.5%
Net interest expense																			(26.3	)
Equity in loss of unconsolidated affiliate																			(1.8	)
Income before provision for income taxes																		$	103.5
Segment revenues	$	491.6		$	410.8	$	391.2	$	299.3		$	112.6	$	20.1	$	21.3		$	1,746.9
Adjustments affecting segment revenues (a)		-			-		-		-			-		-		-			-
Adjusted segment revenues	$	491.6		$	410.8	$	391.2	$	299.3		$	112.6	$	20.1	$	21.3		$	1,746.9
Segment income (loss)	$	65.1		$	49.5	$	34.0	$	(19.8	)	$	9.3	$	2.3	$	(8.8	)	$	131.6
Adjustments affecting segment income (a)		8.3			5.0		4.3		(0.1	)		1.0		-		5.7			24.2
Adjusted segment income (loss)	$	73.4		$	54.5	$	38.3	$	(19.9	)	$	10.3	$	2.3	$	(3.1	)	$	155.8
Adjusted segment margin		14.9%			13.3%		9.8%		(6.6%	)		9.1%		11.4%					8.9%

(a)  See "Reconciliation of Non-GAAP Measures to GAAP" page.

THE JONES GROUP INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

All amounts in millions			July 2, 2011		July 3, 2010
ASSETS
CURRENT ASSETS:
	Cash and cash equivalents	$	146.4	$	133.2
	Accounts receivable		378.3		380.7
	Inventories		523.2		414.9
	Prepaid income taxes		11.5		9.0
	Deferred taxes		26.2		25.9
	Other current assets		44.3		33.3
	TOTAL CURRENT ASSETS		1,129.9		997.0
Property, plant and equipment, at cost, less accumulated depreciation and amortization			270.2		241.4
Goodwill			258.9		161.8
Other intangibles, less accumulated amortization			947.3		778.3
Other assets			152.7		129.4
		$	2,759.0	$	2,307.9
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
	Current portion of long-term debt and capital lease obligations	$	1.9	$	2.2
	Current portion of acquisition consideration payable		23.0		10.3
	Accounts payable		230.2		200.6
	Accrued expenses and other current liabilities		142.9		116.4
	TOTAL CURRENT LIABILITIES		398.0		329.5
NONCURRENT LIABILITIES:
	Long-term debt and obligations under capital leases		849.7		529.8
	Income taxes payable		8.7		9.2
	Deferred taxes		74.9		2.7
	Acquisition consideration payable		206.7		196.2
	Other		79.1		79.4
	TOTAL NONCURRENT LIABILITIES		1,219.1		817.3
	TOTAL LIABILITIES		1,617.1		1,146.8
EQUITY			1,141.9		1,161.1
		$	2,759.0	$	2,307.9

THE JONES GROUP INC.
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)

All amounts in millions				Six Months Ended
					July 2, 2011			July 3, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
	Net income			$	31.2		$	65.2
	Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:
		Amortization of employee stock options and restricted stock			11.1			13.7
		Depreciation and other amortization			38.5			44.2
		Impairments of property, plant and equipment			2.9			2.1
		Adjustments to acquisition consideration payable			25.3			5.2
		Equity in (income) loss of unconsolidated affiliate			(2.0	)		1.8
		Provision for (recovery of) losses on accounts receivable			0.3			(0.3	)
		Deferred taxes			13.5			8.2
		Fair value adjustments related to interest rate swaps and cap			1.9			2.6
		Other items, net			4.8			0.2
		Changes in operating assets and liabilities:
			Accounts receivable		(12.4	)		(55.5	)
			Inventories		(2.8	)		(20.0	)
			Accounts payable		(13.3	)		12.1
			Income taxes payable/prepaid taxes		9.9			(8.2	)
			Acquisition consideration payable		(4.8	)		-
			Other assets and liabilities, net		(38.5	)		(45.3	)
			Total adjustments		34.4			(39.2	)
	Net cash provided by operating activities				65.6			26.0
CASH FLOWS FROM INVESTING ACTIVITIES:
	Capital expenditures				(49.5	)		(16.3	)
	Acquisition of KG Group Holdings Limited, net of cash acquired				(143.1	)		-
	Acquisition of Stuart Weitzman Holdings, LLC, net of cash acquired				-			(159.3	)
	Acquisition of Moda Nicola International, LLC				-			(14.4	)
	Other				-			0.1
	Net cash used in investing activities				(192.6	)		(189.9	)
CASH FLOWS FROM FINANCING ACTIVITIES:
	Issuance of 6.875% Senior Notes due 2019				300.0			-
	Debt issuance costs				(6.8	)		-
	Costs related to secured revolving credit agreement				(2.9	)		(7.2	)
	Repayment of acquired debt of KG Group Holdings Limited				(174.1	)		-
	Cash distributions to former owners of Stuart Weitzman Holdings, LLC				-			(19.0	)
	Acquisition of treasury stock				(28.0	)		-
	Dividends paid				(8.5	)		(8.6	)
	Payments of acquisition consideration payable				(6.2	)		(0.7	)
	Other				0.3			(1.1	)
	Net cash provided by (used in) financing activities				73.8			(36.6	)
EFFECT OF EXCHANGE RATES ON CASH					(1.2	)		0.3
NET DECREASE IN CASH AND CASH EQUIVALENTS					(54.4	)		(200.2	)
CASH AND CASH EQUIVALENTS, BEGINNING					200.8			333.4
CASH AND CASH EQUIVALENTS, ENDING				$	146.4		$	133.2

EX-99

EXHIBIT 99.2

PowerPoint slide presentation dated July 27, 2011.

EX-99

EXHIBIT 99.3

REVISED SEGMENT REVENUE/OPERATING INCOME (LOSS) TABLES

All financial information presented in these tables is preliminary based upon management's present view and is unaudited.

Revised Segment Revenue/Operating Income (Loss) tables for the years 2010, 2009 and 2008
(Unaudited)

(In millions)			Domestic Wholesale Sportswear		Domestic Wholesale Jeanswear		Domestic Wholesale Footwear & Accessories		Domestic Retail			International Wholesale			International Retail			Licensing, Other & Eliminations			Consolidated
For the year ended December 31, 2010
	Revenues	$	965.2	$	819.9	$	841.5	$	651.2		$	269.6		$	47.0		$	48.3		$	3,642.7
	Segment income (loss)	$	80.4	$	72.3	$	53.7	$	(45.5	)	$	25.8		$	6.7		$	(48.5	)		144.9
	Net interest expense																				(58.9	)
	Equity in loss of unconsolidated affiliate																				(0.9	)
	Income from continuing operations before provision for income taxes																			$	85.1
	Depreciation and amortization	$	17.9	$	1.2	$	18.6	$	17.4		$	1.2		$	1.3		$	56.3		$	113.9
For the year ended December 31, 2009
	Revenues	$	892.6	$	815.2	$	697.4	$	648.1		$	186.1		$	41.2		$	46.8		$	3,327.4
	Segment income (loss)	$	73.3	$	65.6	$	51.1	$	(74.9	)	$	(1.8	)	$	3.2		$	(8.0	)		108.5
	Net interest expense																				(52.8	)
	Goodwill impairment																				(120.6	)
	Loss and costs associated with repurchase of 4.250% Senior Notes																				(1.5	)
	Equity in loss of unconsolidated affiliate																				(3.7	)
	Loss from continuing operations before benefit for income taxes																			$	(70.1	)
	Depreciation and amortization	$	12.5	$	1.3	$	7.9	$	20.7		$	1.2		$	0.7		$	47.4		$	91.7
For the year ended December 13, 2008
	Revenues	$	1,058.6	$	778.9	$	751.4	$	691.9		$	244.6		$	38.3		$	52.7		$	3,616.4
	Segment income (loss)	$	62.2	$	20.6	$	34.0	$	(56.7	)	$	28.1		$	(0.9	)	$	(5.7	)		81.6
	Net interest expense																				(41.6	)
	Goodwill impairment																				(813.2	)
	Gain on sale of Mexican operations and interest in Australian joint venture																				1.0
	Equity in loss of unconsolidated affiliate																				(0.7	)
	Loss from continuing operations before benefit for income taxes																			$	(772.9	)
	Depreciation and amortization	$	5.9	$	4.2	$	8.7	$	25.4		$	1.5		$	0.8		$	46.6		$	93.1
Total Assets
	December 31, 2010	$	771.5	$	661.5	$	873.0	$	217.9		$	156.2		$	13.6		$	(361.3	)	$	2,332.4
	December 31, 2009		709.9		554.7		372.8		189.1			125.6			5.0			67.9			2,025.0
	December 31, 2008		1,042.7		712.7		303.2		117.0			123.5			10.2			118.2			2,427.5

Revised Segment Revenue/Operating Income (Loss) tables for the interim periods of 2010
(Unaudited)

(In millions)			Domestic Wholesale Sportswear			Domestic Wholesale Jeanswear		Domestic Wholesale Footwear & Accessories			Domestic Retail			International Wholesale		International Retail			Licensing, Other & Eliminations			Consolidated
For the fiscal quarter ended April 3, 2010
	Revenues	$	272.0		$	221.5	$	197.6		$	134.3		$	43.3	$	7.6		$	11.0		$	887.3
	Segment income (loss)	$	44.0		$	36.3	$	21.1		$	(20.9	)	$	2.1	$	(0.8	)	$	(5.5	)		76.3
	Net interest expense																					(12.0	)
	Equity in loss of unconsolidated affiliate																					(1.8	)
	Income before provision for income taxes																				$	62.5
For the fiscal quarter ended July 3, 2010
	Revenues	$	219.6		$	189.3	$	193.6		$	165.0		$	69.3	$	12.5		$	10.3		$	859.6
	Segment income	$	21.1		$	13.2	$	12.9		$	1.1		$	7.2	$	3.1		$	(3.3	)		55.3
	Net interest expense																					(14.3	)
	Income before provision for income taxes																				$	41.0
For the fiscal six months ended July 3, 2010
	Revenues	$	491.6		$	410.8	$	391.2		$	299.3		$	112.6	$	20.1		$	21.3		$	1,746.9
	Segment income (loss)	$	65.1		$	49.5	$	34.0		$	(19.8	)	$	9.3	$	2.3		$	(8.8	)		131.6
	Net interest expense																					(26.3	)
	Equity in loss of unconsolidated affiliate																					(1.8	)
	Income before provision for income taxes																				$	103.5
For the fiscal quarter ended October 2, 2010
	Revenues	$	273.2		$	229.9	$	251.2		$	159.6		$	83.6	$	12.5		$	12.0		$	1,022.0
	Segment income (loss)	$	25.6		$	21.1	$	22.5		$	(20.9	)	$	11.1	$	2.4		$	(1.7	)		60.1
	Net interest expense																					(14.2	)
	Equity in income of unconsolidated affiliate																					0.5
	Income before provision for income taxes																				$	46.4
For the fiscal nine months ended October 2, 2010
	Revenues	$	764.8		$	640.7	$	642.4		$	458.9		$	196.2	$	32.6		$	33.3		$	2,768.9
	Segment income (loss)	$	90.7		$	70.6	$	56.5		$	(40.7	)	$	20.4	$	4.7		$	(10.5	)		191.7
	Net interest expense																					(40.5	)
	Equity in loss of unconsolidated affiliate																					(1.3	)
	Income before provision for income taxes																				$	149.9
For the fiscal quarter ended December 31, 2010
	Revenues	$	200.4		$	179.2	$	199.1		$	192.3		$	73.4	$	14.4		$	15.0		$	873.8
	Segment (loss) income	$	(10.3	)	$	1.7	$	(2.8	)	$	(4.8	)	$	5.4	$	2.0		$	(38.0	)		(46.8	)
	Net interest expense																					(18.4	)
	Equity in income of unconsolidated affiliate																					0.4
	Loss before benefit for income taxes																				$	(64.8	)
For the year ended December 13, 2010
	Revenues	$	965.2		$	819.9	$	841.5		$	651.2		$	269.6	$	47.0		$	48.3		$	3,642.7
	Segment income (loss)	$	80.4		$	72.3	$	53.7		$	(45.5	)	$	25.8	$	6.7		$	(48.5	)		144.9
	Net interest expense																					(58.9	)
	Equity in loss of unconsolidated affiliate																					(0.9	)
	Income before provision for income taxes																				$	85.1

Revised Segment Revenue/Operating Income (Loss) tables for the first fiscal quarter of 2011
(Unaudited)

(In millions)			Domestic Wholesale Sportswear		Domestic Wholesale Jeanswear		Domestic Wholesale Footwear & Accessories		Domestic Retail			International Wholesale		International Retail			Licensing, Other & Eliminations			Consolidated
For the fiscal quarter ended April 2, 2011
	Revenues	$	268.7	$	235.5	$	220.6	$	135.1		$	79.1	$	10.2		$	12.1		$	961.3
	Segment income (loss)	$	30.8	$	28.0	$	18.1	$	(22.9	)	$	9.3	$	(1.7	)	$	(0.4	)		61.2
	Net interest expense																			(21.1	)
	Equity in income of unconsolidated affiliate																			1.3
	Income before provision for income taxes																		$	41.4