10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

 [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended April 6, 2013

OR

[  ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number 1-10746

THE JONES GROUP INC. (Exact name of registrant as specified in its charter)
Pennsylvania (State or other jurisdiction of incorporation or organization)	06-0935166 (I.R.S. Employer Identification No.)
1411 Broadway New York, New York (Address of principal executive offices)	10018 (Zip Code)
(212) 642-3860 (Registrant's telephone number, including area code)
Not Applicable (Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes   o   No   x

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes   o   No   x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer  xAccelerated filer  oNon-accelerated filer  oSmaller reporting company  o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes   o   No   x

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

Class of Common Stock $.01 par value Outstanding at May 2, 2013 80,092,258

THE JONES GROUP INC.

Index			Page No.
PART I.FINANCIAL INFORMATION
Item 1.Financial Statements
	Consolidated Balance Sheets
		April 6, 2013, March 31, 2012 and December 31, 2012	3
	Consolidated Statements of Operations
		Fiscal Quarters ended April 6, 2013 and March 31, 2012	4
	Consolidated Statements of Comprehensive (Loss) Income
		Fiscal Quarters ended April 6, 2013 and March 31, 2012	5
	Consolidated Statements of Changes in Equity
		Fiscal Quarters ended April 6, 2013 and March 31, 2012	6
	Consolidated Statements of Cash Flows
		Fiscal Quarters ended April 6, 2013 and March 31, 2012	7
	Notes to Consolidated Financial Statements		8
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations			25
Item 3.Quantitative and Qualitative Disclosures About Market Risk			33
Item 4.Controls and Procedures			34
PART II.  OTHER INFORMATION
Item 1.Legal Proceedings			34
Item 2.Issuer Purchases of Equity Securities			35
Item 5.Other Information			35
Item 6.Exhibits			36
Signatures			37
Exhibit Index			38

DEFINITIONS

As used in this Report, unless the context requires otherwise, "Jones," "our," "us" and "we" means The Jones Group Inc. and consolidated subsidiaries, "Brian Atwood" means the Brian Atwood-related intellectual property interests, equity interests, assets acquired and liabilities assumed on July 2, 2012, "FASB" means the Financial Accounting Standards Board, "ASC" means the "FASB Accounting Standards Codification^®", "ASU" means "Accounting Standards Update" and "SEC" means the United States Securities and Exchange Commission.

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PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

THE JONES GROUP INC.

CONSOLIDATED BALANCE SHEETS

(ALL AMOUNTS IN MILLIONS, EXCEPT PER SHARE DATA)

	April 6, 2013			March 31, 2012			December 31, 2012
ASSETS	(Unaudited)			(Unaudited)
Current assets:
Cash and cash equivalents	$	44.7		$	147.1		$	149.6
Accounts receivable		446.2			458.6			381.0
Inventories, primarily finished goods		498.3			473.0			486.7
Prepaid and refundable income taxes		3.9			-			5.5
Deferred taxes		36.2			34.6			33.2
Loan to unconsolidated affiliate		-			10.0			-
Prepaid expenses and other current assets		47.4			44.6			40.7
Total current assets		1,076.7			1,167.9			1,096.7
Property, plant and equipment, at cost, less accumulated depreciation and amortization of $579.0, $596.6 and $565.3		265.6			273.0			278.1
Goodwill		212.5			258.5			215.3
Other intangibles, at cost, less accumulated amortization		854.8			900.9			869.7
Investment in unconsolidated affiliate		41.8			36.2			38.9
Other assets		92.7			98.7			96.8
Total assets	$	2,544.1		$	2,735.2		$	2,595.5
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings	$	64.5		$	-		$	-
Current portion of long-term debt and capital lease obligations		2.2			2.1			2.2
Current portion of acquisition consideration payable		20.8			228.3			30.3
Accounts payable		208.2			244.7			257.5
Income taxes payable		-			11.5			1.4
Accrued employee compensation and benefits		27.7			29.1			50.0
Accrued expenses and other current liabilities		99.9			96.2			110.8
Total current liabilities		423.3			611.9			452.2
Long-term debt		932.0			832.4			934.4
Obligations under capital leases		20.7			22.8			21.3
Deferred taxes		61.6			74.9			56.7
Income taxes payable		0.5			0.5			0.5
Acquisition consideration payable		3.2			5.8			6.0
Other noncurrent liabilities		113.5			93.1			118.1
Total liabilities		1,554.8			1,641.4			1,589.2
Commitments and contingencies		-			-			-
Redeemable noncontrolling interest		0.6			-			0.6
Equity:
Preferred stock, $.01 par value - shares authorized 1.0; none issued		-			-			-
Common stock, $.01 par value - shares authorized 200.0; issued 80.3, 82.1 and 79.2		0.8			0.8			0.8
Additional paid-in capital		521.3			526.9			520.8
Retained earnings		492.3			586.2			501.1
Accumulated other comprehensive loss		(26.8	)		(20.3	)		(17.9	)
Total Jones stockholders' equity		987.6			1,093.6			1,004.8
Noncontrolling interests		1.1			0.2			0.9
Total equity		988.7			1,093.8			1,005.7
Total liabilities and equity	$	2,544.1		$	2,735.2		$	2,595.5

See accompanying notes to consolidated financial statements

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THE JONES GROUP INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(ALL AMOUNTS IN MILLIONS, EXCEPT PER SHARE DATA)

	Fiscal Quarter Ended
	April 6, 2013		March 31, 2012
Net sales	$	997.6	$	923.4
Licensing income		10.8		12.3
Other revenues		0.3		0.3
Total revenues		1,008.7		936.0
Cost of goods sold		660.3		592.5
Gross profit		348.4		343.5
Selling, general and administrative expenses		331.5		303.3
Operating income		16.9		40.2
Interest income		0.1		0.2
Interest expense and financing costs		16.2		42.9
Equity in income of unconsolidated affiliate		0.6		0.9
Income (loss) before provision (benefit) for income taxes		1.4		(1.6	)
Provision (benefit) for income taxes		0.5		(0.6	)
Net income (loss)		0.9		(1.0	)
Less: income attributable to noncontrolling interest		0.4		0.2
Income (loss) attributable to Jones	$	0.5	$	(1.2	)
Earnings (loss) per common share attributable to Jones
Basic	$	0.01	$	(0.01	)
Diluted		0.01		(0.01	)
Weighted average shares outstanding
Basic		73.4		76.1
Diluted		75.9		76.1
Dividends declared per share	$	0.05	$	0.05

See accompanying notes to consolidated financial statements

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THE JONES GROUP INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED)

(ALL AMOUNTS IN MILLIONS)

	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
Net income (loss)	$	0.9		$	(1.0	)
Other comprehensive (loss) income:
Change in fair value of cash flow hedges, net of $(0.1) and $0.1 tax (provision) benefit		0.2			(0.1	)
Reclassification adjustment for hedge gains and losses included in net (loss) income, net of $0.0 tax provision		(0.1	)		-
Pension and postretirement liability adjustments, net of $0.1 and $0.0 tax benefit		0.2			-
Foreign currency translation adjustments		(9.2	)		9.4
Total other comprehensive (loss) income		(8.9	)		9.3
Comprehensive (loss) income	$	(8.0	)	$	8.3

See accompanying notes to consolidated financial statements

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THE JONES GROUP INC.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)

(ALL AMOUNTS IN MILLIONS, EXCEPT PER SHARE DATA)

	Number of common shares outstanding			Total equity			Common stock		Addi-tional paid-in capital			Retained earnings			Accumu-lated other compre-hensive loss			Non-controlling interests			Redeemable non-controlling interest
Balance, January 1, 2012		81.0		$	1,089.4		$	0.8	$	521.8		$	596.2		$	(29.6	)	$	0.2		$	-
Comprehensive income (loss)		-			8.3			-		-			(1.2	)		9.3			0.2			-
Issuance of restricted stock to employees, net of forfeitures		2.1			-			-		-			-			-			-			-
Shares withheld for taxes upon vesting of restricted stock		-			(0.3	)		-		(0.1	)		(0.2	)		-			-			-
Amortization of restricted stock		-			9.3			-		9.3			-			-			-			-
Distributions to noncontrolling interests		-			(0.2	)		-		-			-			-			(0.2	)		-
Tax effects from vesting of restricted stock		-			1.4			-		1.4			-			-			-			-
Tax effects of expired employee stock options		-			(1.3	)		-		(1.3	)		-			-			-			-
Dividends on common stock ($0.05 per share)		-			(3.9	)		-		-			(3.9	)		-			-			-
Repurchase of common shares		(1.0	)		(8.9	)		-		(4.2	)		(4.7	)		-			-			-
Balance, March 31, 2012		82.1		$	1,093.8		$	0.8	$	526.9		$	586.2		$	(20.3	)	$	0.2		$	-
Balance, January 1, 2013		79.2		$	1,005.7		$	0.8	$	520.8		$	501.1		$	(17.9	)	$	0.9		$	0.6
Comprehensive (loss) income		-			(8.0	)		-		-			0.5			(8.9	)		0.4			-
Issuance of restricted stock to employees, net of forfeitures		2.1			-			-		-			-			-			-			-
Shares withheld for taxes upon vesting of restricted stock		(0.2	)		(2.0	)		-		(1.0	)		(1.0	)		-			-			-
Amortization of restricted stock		-			10.9			-		10.9			-			-			-			-
Distributions to noncontrolling interests		-			(0.2	)		-		-			-			-			(0.2	)		-
Tax effects from vesting of restricted stock		-			(0.7	)		-		(0.7	)		-			-			-			-
Tax effects of cancelled restricted stock		-			(4.0	)		-		(4.0	)		-			-			-			-
Dividends on common stock ($0.05 per share)		-			(4.0	)		-		-			(4.0	)		-			-			-
Repurchase of common shares		(0.8	)		(9.0	)		-		(4.7	)		(4.3	)		-			-			-
Balance, April 6, 2013		80.3		$	988.7		$	0.8	$	521.3		$	492.3		$	(26.8	)	$	1.1		$	0.6

See accompanying notes to consolidated financial statements

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THE JONES GROUP INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(ALL AMOUNTS IN MILLIONS)

	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	0.9		$	(1.0	)
Adjustments to reconcile net income (loss) to net cash used in operating activities, net of acquisitions:
Amortization of restricted stock		10.9			9.3
Depreciation and other amortization		21.7			22.5
Impairment losses		6.2			0.4
Losses on disposal of property, plant and equipment		1.6			0.1
Adjustments to acquisition consideration payable		(0.9	)		24.6
Equity in income of unconsolidated affiliate		(0.6	)		(0.9	)
Deferred taxes		-			(9.5	)
Fair value adjustments related to interest rate swaps and cap		-			1.6
Other items, net		5.7			(2.7	)
Changes in operating assets and liabilities:
Accounts receivable		(67.8	)		(117.5	)
Inventories		(15.7	)		20.8
Prepaid expenses and other current assets		(6.4	)		(6.6	)
Other assets		1.3			(0.6	)
Accounts payable		(47.9	)		7.4
Income taxes payable/prepaid income taxes		(0.5	)		14.9
Accrued expenses and other current liabilities		(32.3	)		(22.0	)
Acquisition consideration payable		(8.9	)		(0.3	)
Other liabilities		(4.0	)		(0.3	)
Total adjustments		(137.6	)		(58.8	)
Net cash used in operating activities		(136.7	)		(59.8	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(16.3	)		(18.2	)
Other		(0.2	)		(0.2	)
Net cash used in investing activities		(16.5	)		(18.4	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in short-term borrowings		64.5			-
Dividends paid		(4.0	)		(4.0	)
Repurchases of common stock		(9.0	)		(8.9	)
Payments of acquisition consideration payable		(2.5	)		(2.0	)
Other items, net		(0.7	)		1.5
Net cash provided by (used in) financing activities		48.3			(13.4	)
EFFECT OF EXCHANGE RATES ON CASH		-			(0.1	)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(104.9	)		(91.7	)
CASH AND CASH EQUIVALENTS, BEGINNING		149.6			238.8
CASH AND CASH EQUIVALENTS, ENDING	$	44.7		$	147.1

See accompanying notes to consolidated financial statements

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THE JONES GROUP INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

BASIS OF PRESENTATION

The consolidated financial statements include the accounts of The Jones Group Inc. and its subsidiaries.  The financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") for interim financial information and in accordance with the requirements of Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  The consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and the footnotes thereto included within our Annual Report on Form 10-K.

In our opinion, the information presented reflects all adjustments necessary for a fair statement of interim results.  All such adjustments are of a normal and recurring nature.  The foregoing interim results are not necessarily indicative of the results of operations for the full year ending December 31, 2013.

Distribution costs.  Our cost of sales may not be comparable to those of other entities, since some entities include all of the costs associated with their distribution functions in cost of sales while we include these costs in selling, general and administrative ("SG&A") expenses.  Distribution costs included in SG&A expenses for the fiscal quarters ended April 6, 2013 and March 31, 2012 were $25.8 million and $23.6 million, respectively.

EARNINGS PER SHARE

The computation of basic and diluted earnings per share is as follows:

(In millions, except per share amounts)	Fiscal Quarter Ended
	April 6, 2013		March 31, 2012
Net income (loss)	$	0.9	$	(1.0	)
Less: income attributable to noncontrolling interest		0.4		0.2
Income (loss) attributable to Jones		0.5		(1.2	)
Less: income (loss) allocated to participating securities		-		(0.2	)
Income (loss) available to common stockholders of Jones	$	0.5	$	(1.0	)
Weighted-average shares outstanding - basic		73.4		76.1
Effect of dilutive employee restricted stock		2.5		-
Weighted-average shares outstanding - diluted		75.9		76.1
Earnings (loss) per common share attributable to Jones
Basic	$	0.01	$	(0.01	)
Diluted		0.01		(0.01	)

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ACQUISITIONS

Brian Atwood

On July 2, 2012, we acquired an 80% interest in Brian Atwood-related intellectual property (the "intellectual property") from BA Holding Group, Inc., BKA International, Inc. and Brian Atwood, we acquired 100% of the equity interests in Atwood Italia S.r.l., and we acquired certain assets and assumed certain liabilities of Brian Atwood, Ltd. (collectively, "Brian Atwood").  The purchase price was $5.5 million, of which $5.0 million was paid in 2012.  We deferred $0.5 million of the purchase price, with payment subject to an indemnification holding period as set forth in the acquisition agreement, of which $0.2 million was paid in the fiscal quarter ended April 6, 2013.

The remaining 20% interest in the intellectual property was recorded as a noncontrolling interest, with the fair value based on projected cash flows related to that property.  Brian Atwood has the right, under certain conditions, to require us to repurchase a portion of his noncontrolling ownership interest at a predetermined multiple of the previous year's distributable cash flows generated by the intellectual property.

We pursued the acquisition of Brian Atwood to increase our international presence and further extend our reach into the designer footwear business.  Brian Atwood's luxury wholesale footwear business is reported in our international wholesale segment.

The following table summarizes the fair values of the assets acquired and liabilities assumed from Brian Atwood on July 2, 2012.

(In millions)	Weighted-average amortization life (in months)		FairValue
Cash			$	0.6
Accounts receivable				0.5
Other current assets				0.4
Property, plant and equipment				0.1
Intangible assets:
Trademarks		240		7.5
Goodwill				3.2
Customer relationships		6		0.4
Order backlog		3		0.7
Total assets acquired				13.4
Accounts payable				1.7
Notes payable				2.8
Other current  liabilities				1.8
Deferred taxes				0.3
Other long-term liabilities				0.1
Total liabilities assumed				6.7
Fair value of noncontrolling interest				1.2
Total purchase price			$	5.5

The gross contractual accounts receivable acquired from Brian Atwood was $0.5 million.

The fair values of the acquired intangibles were determined using discounted cash flow models using a discount factor based on an estimated risk-adjusted weighted average cost of capital.  The customer relationships were valued using a "with and without" model, the trademarks using a relief-from-royalty model and the order backlog using multi-period excess earnings model.

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The acquisition resulted in the recognition of $3.2 million of goodwill, which will not be deductible for tax purposes.  Goodwill largely consists of expected synergies resulting from the leveraging of the combined networks of partners, infrastructure and customer relationships to expand product distribution worldwide, as well as the acquired assembled workforce, which does not qualify as an amortizable intangible asset, and the potential for both product extensions, such as apparel, and the introduction of Brian Atwood retail locations.  The goodwill has been assigned to our domestic wholesale footwear and accessories segment, as we pursued the acquisition to acquire majority ownership interest in the Brian Atwood-related trademarks, under which our existing B Brian Atwood domestic footwear business is licensed.  Pro forma total revenues and results of operations reflecting the acquisition of Brian Atwood are not presented, as the acquisition is not material to our financial position or our results of operations.

EQUITY METHOD INVESTMENTS

On June 20, 2008, we acquired a 10% equity interest in GRI Group Limited ("GRI"), an international accessories and apparel brand management and retail-distribution network, for $20.2 million.  On June 24, 2009, we increased our equity interest to 25% for an additional $15.2 million.  The selling shareholders of GRI were entitled to receive an additional cash payment equaling 60% of the amount of GRI's fiscal year 2011 net income that exceeded a certain threshold, and on June 21, 2012, we made a cash payment to them of $3.5 million in satisfaction of the obligation.  GRI is the exclusive licensee of several of our brands in Asia, including Nine West, Anne Klein, AK Anne Klein, Easy Spirit, Enzo Angiolini and Joan & David.  GRI also distributes other women's apparel, shoes and accessory brands not owned by us.  See "Accounts Receivable" for additional information regarding GRI.

ACCOUNTS RECEIVABLE

Accounts receivable consist of the following:

(In millions)		April 6, 2013		March 31, 2012				December 31, 2012
Trade accounts receivable	$	482.8			$	495.0			$	408.4
Allowances for doubtful accounts, returns, discounts and co-op advertising		(36.6	)			(36.4	)			(27.4	)
	$	446.2			$	458.6			$	381.0

Due to our 25% ownership interest in GRI, GRI is deemed to be a related party.  Included in accounts receivable are amounts due from GRI in the amount of $13.3 million, $26.1 million and $15.6 million at April 6, 2013, March 31, 2012 and December 31, 2012, respectively.  Net revenues from GRI amounted to $13.0 million and $17.9 million for the fiscal quarters ended April 6, 2013 and March 31, 2012, respectively.  On April 23, 2009, we converted $10.0 million of the outstanding GRI accounts receivable to a three-year interest-bearing convertible note.  This note was repaid on April 20, 2012.

ACCRUED RESTRUCTURING COSTS

Jewelry

During 2009, we decided to discontinue the domestic manufacturing, product development and sourcing activities of our jewelry business, and also announced the closing of our jewelry distribution center during 2010.  The details of the jewelry restructuring accruals are as follows:

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(In millions)	Lease obligations
Balance, January 1, 2012	$	1.5
Payments and reductions		(0.1	)
Balance, March 31, 2012	$	1.4
Balance, January 1, 2013	$	1.4
Payments and reductions		(0.1	)
Balance, April 6, 2013	$	1.3

The net accrual of $1.4 million at March 31, 2012 is reported as $0.4 million of accrued expenses and other current liabilities and $1.0 million of other noncurrent liabilities.  The net accrual of $1.3 million at April 6, 2013 is reported as $0.4 million of accrued expenses and other current liabilities and $0.9 million of other noncurrent liabilities.

Retail Stores

We continue to review our domestic retail operations for underperforming locations.  As a result of these reviews, we have decided to close retail locations that no longer provide strategic benefits.  During the fiscal quarter ended April 6, 2013, we decided to close 120 underperforming domestic retail locations throughout 2013 and 2014 in addition to the 50 store closings announced in the fiscal quarter ended December 31, 2012.  We expect to operate a smaller and more productive chain of domestic locations, with outlet stores comprising a significantly higher percentage of the overall retail portfolio.  We will continue to critically assess individual store profitability, including consideration of converting certain locations to brands that offer the greatest opportunity for revenue growth.

During the first fiscal quarters of 2013 and 2012, we closed 25 and 41 locations, respectively, under this plan.  Total termination benefits and associated employee costs for all locations closed since 2009 and identified to be closed are expected to be $14.1 million for approximately 2,950 employees, including both store employees and administrative support personnel.  We accrued $3.3 million and $0.8 million of termination benefits and associated employee costs during the first fiscal quarters of 2013 and 2012, respectively.  In connection with our decision to close these locations, we reviewed the associated long-term assets for impairments.  As a result of these reviews, we recorded $5.8 million and $0.4 million of impairment losses in the first fiscal quarters of 2013 and 2012, respectively, on leasehold improvements and furniture and fixtures present in the locations to be closed.  These costs are reported as SG&A expenses in the domestic retail segment.

The details of the retail store restructuring accruals are as follows:

(In millions)	Termination benefits
Balance, January 1, 2012	$	1.3
Additions		0.8
Payments and reductions		(1.0	)
Balance, March 31, 2012	$	1.1
Balance, January 1, 2013	$	0.9
Additions		3.3
Payments and reductions		(0.3	)
Balance, April 6, 2013	$	3.9

The net accruals of $1.1 million at March 31, 2012 and $3.9 million at April 6, 2013 are reported as accrued expenses and other current liabilities.

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Other Cost Reduction Initiatives

During the fiscal quarter ended April 6, 2013, we implemented actions to reduce costs in certain selling, supply chain and corporate back office functions (primarily through headcount reductions) and to optimize our wholesale sportswear channel by streamlining our structure to support a brand-focused organization, including the consolidation of certain production, design and selling divisions and consolidation of distribution and supply chain facilities.  Total termination benefits and associated employee costs identified as of April 6, 2013 are expected to be $4.5 million for approximately 90 employees.  We recorded $3.9 million of employee termination costs in the fiscal quarter ended April 6, 2013.  The remaining $0.6 million will be accrued on a straight-line basis over the remaining period each affected employee is required to render service to receive the benefit.  These costs are reported as SG&A expenses and affect all of our reportable segments.  Additional actions may be taken during 2013 as we continue to assess our operations for opportunities to reduce costs and improve profitability.

The details of the cost reduction initiative accruals are as follows:

(In millions)	Termination benefits
Balance, January 1, 2013	$	-
Additions		3.9
Payments and reductions		(0.1	)
Balance, April 6, 2013	$	3.8

The net accrual of $3.8 million at April 6, 2013 is reported as accrued expenses and other current liabilities.

GOODWILL

The following table presents, by segment and in total, the carrying amount of goodwill for the fiscal quarters ended March 31, 2012 and April 6, 2013.

(In millions)	Domestic Wholesale Sportswear		Domestic Wholesale Jeanswear			Domestic Wholesale Footwear & Accessories			Domestic Retail			International Wholesale			International Retail			Total
Balance, January 1, 2012
Goodwill	$	46.7	$	519.2		$	859.8		$	120.6		$	111.6		$	50.4		$	1,708.3
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			-			(1,453.0	)
Net goodwill		46.7		-			46.6			-			111.6			50.4			255.3
Foreign currency translation effects		-		-			-			-			1.5			1.7			3.2
Balance, March 31, 2012
Goodwill		46.7		519.2			859.8			120.6			113.1			52.1			1,711.5
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			-			(1,453.0	)
Net goodwill	$	46.7	$	-		$	46.6		$	-		$	113.1		$	52.1		$	258.5
Balance, January 1, 2013
Goodwill	$	46.7	$	519.2		$	863.0		$	120.6		$	113.5		$	52.7		$	1,715.7
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			(47.4	)		(1,500.4	)
Net goodwill		46.7		-			49.8			-			113.5			5.3			215.3
Foreign currency translation effects		-		-			-			-			(2.5	)		(0.3	)		(2.8	)
Balance, April 6, 2013
Goodwill		46.7		519.2			863.0			120.6			111.0			49.8			1,710.3
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			(44.8	)		(1,497.8	)
Net goodwill	$	46.7	$	-		$	49.8		$	-		$	111.0		$	5.0		$	212.5

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FAIR VALUES

ASC Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  ASC Subtopic 820-10 outlines a valuation framework, creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements, and details the disclosures that are required for items measured at fair value.  We are permitted to choose to measure many financial instruments and certain other items at fair value, although we did not elect the fair value measurement option for any of our financial assets or liabilities.  Our financial assets and liabilities are to be measured using inputs from the three levels of the fair value hierarchy, which are as follows:

· Level 1 - inputs are unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date;

· Level 2 - inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs); and

· Level 3 - unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing assets or liabilities based on the best information available.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

We have or had certain financial assets and liabilities that are required to be measured at fair value.  These include:

· the assets and liabilities of The Jones Group Inc. Deferred Compensation Plan (the "Rabbi Trust"), which represent deferred employee compensation invested in mutual funds and which fall within Level 1 of the fair value hierarchy;

· deferred director fees, which represent phantom units of our common stock that have a fair value based on the market price of our common stock and which fall within Level 1 of the fair value hierarchy;

· foreign currency forward contracts, which have fair values calculated by comparing foreign exchange forward rates to the contract rates discounted at our incremental borrowing rate,   which fall within Level 2 of the fair value hierarchy;

· interest rate swap and cap contracts, which have or had fair values calculated by comparing current yield curves and LIBOR rates to the stated contract rates adjusted for estimated risk of counterparty nonperformance,  which fall within Level 2 of the fair value hierarchy;

· long-term debt that was hedged by interest rate swaps as a fair-value hedge, calculated by comparing current yield curves and LIBOR rates to the stated contract rates of the associated interest rate swaps, which falls within Level 2 of the fair value hierarchy; and

· consideration liabilities recorded as a result of the acquisition of Moda Nicola International, LLC ("Moda") and Stuart Weitzman Holdings, LLC ("SWH"), which have fair values based on our projections of financial results and cash flows for the acquired business and a discount factor based on our weighted average cost of capital, and which fall within Level 3 of the fair value hierarchy.

In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis at March 31, 2012, December 31, 2012 and April 6, 2013.

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(In millions) Description	Classification	Total Value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
March 31, 2012:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.5	$	8.5	$	-	$	-
Interest rate swaps	Other long-term assets		5.9		-		5.9		-
Interest rate cap	Other long-term assets		0.1		-		0.1		-
Total assets		$	14.5	$	8.5	$	6.0	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.5	$	8.5	$	-	$	-
Interest rate swaps	Other long-term liabilities		0.3		-		0.3		-
Canadian Dollar – U.S. Dollar forward contracts	Accrued expenses and other current liabilities		0.1		-		0.1		-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		226.9		-		-		226.9
5.125% Senior Notes  due 2014	Long-term debt		262.6		-		262.6		-
Hedged portion of 6.875% Senior Notes due 2019	Long-term debt		151.3		-		151.3		-
Acquisition consideration	Acquisition consideration payable, net of current portion		5.8		-		-		5.8
Total liabilities		$	655.7	$	8.7	$	414.3	$	232.7
December 31, 2012:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.4	$	8.4	$	-	$	-
Interest rate cap	Other long-term assets		-		-		-		-
British Pound – U.S. Dollar forward contracts	Prepaid expenses and other current assets		-		-		-		-
Canadian Dollar – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.2		-		0.2		-
Total assets		$	8.6	$	8.4	$	0.2	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.4	$	8.4	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		30.3		-		-		30.3
Acquisition consideration	Acquisition consideration payable, net of current portion		6.0		-		-		6.0
Total liabilities		$	44.9	$	8.6	$	-	$	36.3
April 6, 2013:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.1	$	8.1	$	-	$	-
British Pound – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.5		-		0.5		-
Canadian Dollar – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.4		-		0.4		-
Interest rate cap	Other long-term assets		-		-		-		-
Total assets		$	9.0	$	8.1	$	0.9	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.1	$	8.1	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		20.8		-		-		20.8
Acquisition consideration	Acquisition consideration payable, net of current portion		3.2		-		-		3.2
Total liabilities		$	32.3	$	8.3	$	-	$	24.0

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The following table presents the changes in Level 3 contingent consideration liability for the fiscal three months ended March 31, 2012 and April 6, 2013.

(In millions)	Acquisition of Moda			Acquisition of SWH			Total Acquisition Consideration Payable
Beginning balance, January 1, 2012	$	14.8		$	195.6		$	210.4
Payments		-			(2.3	)		(2.3	)
Total adjustments included in earnings		(3.1	)		27.7			24.6
Balance, March 31, 2012	$	11.7		$	221.0		$	232.7
Beginning balance, January 1, 2013	$	7.4		$	28.9		$	36.3
Payments		(2.5	)		(8.9	)		(11.4	)
Total adjustments included in earnings		(0.4	)		(0.5	)		(0.9	)
Balance, April 6, 2013	$	4.5		$	19.5		$	24.0

The following table represents quantitative information about the Level 3 contingent consideration liability measurement for the acquisition of Moda at April 6, 2013.

(In millions)	Fair Value at April 6, 2013		Valuation technique	Unobservable inputs	Range (Weighted Average)
Acquisition of Moda	$	4.5	Discounted projection of financial results	Net sales growth Gross margin multiplier Discount rate	7% - 11% (9.4%) 1.44 12.0%

The valuation processes for the contingent consideration liability for the acquisition of Moda is based on the associated acquisition agreement.  Our inputs include probability-weighted projections of financial results for the acquired business and a discount rate based on our weighted average cost of capital.  We internally calculate the estimated liability using projected financial information provided by the operating divisions.

The significant unobservable inputs used in the fair value measurement of the Moda contingent consideration liability are net sales growth, a gross margin multiplier (as defined in the acquisition agreement) and a discount factor.  An increase in the net sales or gross margin multiplier inputs would increase the fair value of the liability, while an increase in the discount rate would decrease the fair value of the liability.  There is no interrelationship between the unobservable inputs.  Changes in the fair value of the Moda contingent consideration liability are reported as adjustments to SG&A expenses in the domestic wholesale sportswear segment.

The remaining contingent consideration liability related to the acquisition of SWH has been determined to be $19.5 million, based on adjusted earnings before interest, taxes, depreciation and amortization as defined in the acquisition agreement ("EBITDA") for the year 2012 and an EBITDA multiplier at the contractual maximum of 9.0 as specified in the acquisition agreement.  Changes in the fair value of the contingent consideration liability for SWH are reported as adjustments to interest expense.  Of the remaining liability, $18.5 million was paid in April 2013 and payment of the remaining $1.0 million will be deferred until certain conditions are met.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

In accordance with the fair value hierarchy described above, the following table shows the fair value of our non-financial assets and liabilities that were required to be measured at fair value on a nonrecurring basis at March 31, 2012 and April 6, 2013, and the total losses recorded as a result of the remeasurement process.

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(In millions)				Fair Value Measurements Using
Description	Carrying Value			Quoted prices in active markets for identical assets (Level 1)			Significant other observable inputs (Level 2)			Significant unobservable inputs (Level 3)			Total losses recorded for the fiscal three months
At March 31, 2012:
Property and equipment		$	-		$	-		$	-		$	-		$	0.4
At April 6, 2013:
Property and equipment			0.8			-			-			0.8			6.2

During the fiscal quarters ended March 31, 2012 and April 6, 2013, property and equipment utilized in our retail operations with a carrying amount of $0.4 million and $6.6 million, respectively, were written down to fair values of zero and $0.8 million, respectively, primarily as a result of our decision to close underperforming retail locations.  These losses were recorded as SG&A expenses in the domestic retail segment.  We consider long-term assets utilized in a retail location to be impaired when a pattern of operating losses at the location indicate that future operating losses are probable and that the resulting cash flows will not be sufficient to recover the carrying value of the associated long-term assets.  During the fiscal quarter ended April 6, 2013, leasehold improvements with a carrying value of $0.4 million in a facility to be sublet were written down to a fair value of zero, as we will incur a loss on the sublease.  This loss was recorded as an SG&A expense in the domestic wholesale footwear and accessories segment.

Financial Instruments

As a result of our global operating and financing activities, we are exposed to changes in interest rates and foreign currency exchange rates which may adversely affect results of operations and financial condition.  In seeking to minimize the risks and/or costs associated with such activities, we manage exposure to changes in interest rates and foreign currency exchange rates through our regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments.  The instruments eligible for utilization include forward, option and swap agreements.  We do not use financial instruments for trading or other speculative purposes.  At April 6, 2013, we had outstanding foreign exchange contracts to exchange Canadian Dollars for a total notional value of US$12.1 million at a weighted-average exchange rate of 0.986 maturing through November 2013 and to exchange 6.0 million British Pounds for U.S. Dollars at an exchange rate of 1.623 maturing in December 2013.

At April 6, 2013, March 31, 2012 and December 31, 2012, the fair values of cash and cash equivalents, receivables and accounts payable approximated their carrying values due to the short-term nature of these instruments.  The estimated fair values of other financial instruments subject to fair value disclosures were valued using market comparable inputs.  These inputs include broker quotes, quoted market prices, interest rates and exchange rates for the same or similar instruments.  The fair value and related carrying amounts for items not disclosed elsewhere are as follows:

(In millions)	April 6, 2013						March 31, 2012				December 31, 2012
	Fair Value Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes, including hedged items recorded at fair value		1	$	922.5	$	903.6	$	822.4	$	750.2	$	924.3	$	884.5
Other long-term debt, including current portion		2		9.6		8.9		10.1		9.0		10.2		9.3
Note receivable from GRI		2		-		-		10.0		10.0		-		-
Other notes receivable		2		-		-		1.7		1.5		-		-

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Financial instruments expose us to counterparty credit risk for nonperformance and to market risk for changes in interest and currency rates.  We manage exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties and procedures to monitor the amount of credit exposure.  Our financial instrument counterparties are substantial investment or commercial banks with significant experience with such instruments.

CREDIT FACILITIES

We have a secured revolving credit agreement expiring on April 28, 2016 (the "Credit Facility") with several lending institutions to borrow an aggregate principal amount of up to $650 million.  The terms and conditions of our Credit Facility provide for, among other things: (1) a $350 million U.S. commitment which may be drawn by the U.S. borrowers as revolving loans in U.S. Dollars or letters of credit in Canadian Dollars, U.S. Dollars, or an "LC Alternative Currency" (namely Euros, sterling, or any other currency acceptable to the lenders); and (2) a $300 million international commitment which may be drawn by the U.S. borrowers or by any Canadian or European borrowers as revolving loans or letters of credit in Canadian Dollars, U.S. Dollars, or an LC Alternative Currency.  Up to the entire amount of the Credit Facility is available for cash borrowings, with an overall sublimit of up to $350 million for all letters of credit.  All of the overall $350 million sublimit may be used for trade letters of credit; and within that overall sublimit, there are additional sublimits, including (but not limited to) $50 million for standby letters of credit and $150 million for letters of credit under the U.S. commitment denominated in an LC Alternative Currency.

        Borrowings under the Credit Facility may be used to refinance certain existing indebtedness, to make certain investments (including acquisitions), and for general corporate purposes in the ordinary course of business.  Such borrowings bear interest either based on the alternate base rate, as defined in the Credit Facility, or based on Eurocurrency rates, each with a margin that depends on the availability remaining under the Credit Facility.  The Credit Facility contains customary events of default.

        Availability under the Credit Facility is determined with reference to a borrowing base consisting of a percentage of eligible inventory, accounts receivable, credit card receivables and licensee receivables, minus reserves determined by the joint collateral agents.  At April 6, 2013, we had $64.5 million of cash borrowings and $18.3 million of letters of credit outstanding, and our remaining availability was $456.7 million.  If availability under the Credit Facility falls below a stated level, we will be required to comply with a minimum fixed charge coverage ratio.  The Credit Facility also contains affirmative and negative covenants that, among other things, will limit or restrict our ability to (1) incur indebtedness, (2) create liens, (3) merge, consolidate, liquidate or dissolve, (4) make investments (including acquisitions), loans or advances, (5) sell assets, (6) enter into sale and leaseback transactions, (7) enter into swap agreements, (8) make certain restricted payments (including dividends and other payments in respect of capital stock), (9) enter into transactions with affiliates, (10) enter into restrictive agreements, and (11) amend material documents.  The Credit Facility is secured by a first priority lien on substantially all of our personal property.

LONG-TERM DEBT

In September 2012, we issued an additional $100.0 million of our 6.875% Senior Notes due 2019 (the "2019 Notes").  Net proceeds (including a premium of $3.5 million) were $100.9 million, which was used for general corporate purposes.  These additional notes are being treated as a single series with, and have the same terms as, the previously issued 2019 Notes and are fungible with the previously-issued 2019 Notes.

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DERIVATIVES

We recognize all derivatives as either assets or liabilities on the balance sheet and measure those instruments at fair value.  Additionally, the fair value adjustments will affect either equity or net income, depending on whether the derivative instrument qualifies as a hedge for accounting purposes and, if so, the nature of the hedging activity.

Interest Rate Swaps and Caps

On December 14, 2010, we entered into three interest rate swap transactions to effectively convert the entire amount of our $250 million fixed-rate 5.125% Senior Notes due 2014 (the "2014 Notes") to variable-rate debt.  Under the terms of the transactions, we were required to make semiannual variable-rate payments to the counterparties calculated based on three-month LIBOR rates (which were reset on the 15^th day of each calendar quarter) plus 3.46%, and the counterparties were obligated to make semiannual fixed-rate payments to us of 5.125%.  The swap transactions had an effective date of December 17, 2010 and a termination date of November 15, 2014, the date the 2014 Notes mature.  On June 8, 2012, we de-designated the hedging relationship between the swaps and the 2014 Notes and received $5.7 million upon termination of the swaps.  The related fair market valuation adjustment to the 2014 Notes is being amortized as a reduction of interest expense over the remaining life of the 2014 notes.

On March 19, 2012, we entered into three interest rate swap transactions to effectively convert $150 million of our 2019 Notes to variable-rate debt.  Under the terms of the transactions, we were required to make semiannual variable-rate payments to the counterparties calculated based on one-month LIBOR rates (which were reset on the 15^th day of each calendar quarter) plus 5.195%, and the counterparties were obligated to make semiannual fixed-rate payments to us of 6.875%.  The swap transactions had an effective date of March 21, 2012 and a termination date of March 15, 2019, the date the 2019 Notes mature.  On May 31, 2012, we de-designated the hedging relationship between the swaps and the 2019 Notes and received $3.5 million upon termination of the swaps.  The related fair market valuation adjustment to the 2019 Notes is being amortized as a reduction of interest expense over the remaining life of the 2019 Notes.

The swap transactions were designated as hedges of the fair value of the related notes.  The fair values of the swaps were recorded either as an asset or a liability, with changes in their fair values recorded through interest expense.  The changes in fair value of the notes related to the hedged portion of the notes were also recorded through interest expense.  As these changes in fair value did not exactly offset each other, the net effect on earnings represented the ineffectiveness of the hedging instruments.  We evaluate effectiveness under the "long haul" method of accounting.  The interest rate cap has not been designated as a hedging instrument; as a result, all changes in the fair value of the cap are recorded through interest expense.

We recorded net increases in interest expense related to the ineffectiveness of the swaps and the changes in the fair value of the cap as follows.

(In millions)	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
Interest rate swaps		$	-		$	1.5
Interest rate cap			-			0.1
Net increase in interest expense		$	-		$	1.6

Foreign Currency Forward Contracts

We use foreign currency forward contracts for the specific purpose of hedging the exposure to variability in forecasted cash flows associated primarily with inventory purchases.  Fair values of foreign currency forward contracts are calculated by comparing each agreement's contractual exchange rate with the currency exchange forward and spot rates at the reporting date.

We have outstanding forward contracts to exchange Canadian Dollars for U.S. Dollars.  These contracts are designated as cash flow hedges, as the principal terms of the contracts are the same as the underlying forecasted foreign currency cash flows.  Therefore, changes in the fair value of these forward

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contracts should be highly effective in offsetting changes in the expected foreign currency cash flows.  Changes in the fair value of these contracts are recorded in accumulated other comprehensive income, net of related tax effects, with the corresponding asset or liability recorded in the balance sheet.  Amounts recorded in accumulated other comprehensive income are reflected in current-period earnings when the hedged transaction affects earnings.

Since the foreign currency derivatives we use in our risk management strategies are highly effective hedges because all the critical terms of the derivative instruments match those of the hedged item, we record no ineffectiveness related to our cash flow hedges.  If foreign currency exchange rates do not change from their April 6, 2013 amounts, we estimate that any reclassifications from other comprehensive income to earnings within the next 12 months will not be material.

We also currently have outstanding forward contracts to exchange British Pounds for U.S. Dollars.  These contracts have not been designated as hedges.  Therefore, changes in the fair value of these contracts are recorded through earnings, with the corresponding asset or liability recorded in the balance sheet.

The notional amounts of our foreign exchange contracts outstanding at April 6, 2013, March 31, 2012 and December 31, 2012 are as follows.  For additional information, see "Fair Values."

(In millions)	Notional Amounts
	April 6, 2013			March 31, 2012		December 31, 2012
Canadian Dollar – U.S. Dollar forward exchange contracts	US$12.1			US$15.2		US$16.1
British Pound – U.S. Dollar forward exchange contracts		£	6.0		-		£	6.0

Fair Values of Derivative Instruments

(In millions)	April 6, 2013			March 31, 2012			December 31, 2012
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate swap contracts		$	-	Other long-term assets	$	5.9		$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.4			-	Prepaid expenses and other current assets		0.2
Total derivative assets		$	0.4		$	5.9		$	0.2
Interest rate swap contracts				Other long-term liabilities	$	0.3
Foreign exchange contracts				Accrued expenses and other current liabilities		0.1
Total derivative liabilities					$	0.4
Derivatives not designated as hedging instruments
Interest rate cap contract	Other long-term assets	$	-	Other long-term assets	$	0.1	Other long-term assets	$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.5			-			-
Total derivative assets		$	0.5		$	0.1		$	-

Effect of Derivatives on the Statement of Operations - Derivatives Designated as Hedging Instruments

(In millions)		Amount of Pretax (Loss) due to Ineffectiveness Recognized in Income
Derivative type	Location of Pretax (Loss) due to Ineffectiveness Recognized in Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Interest rate swap contracts	Interest expense		$	-		$	(1.5	)

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(In millions)	Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income								Amount of Pretax Gain (Loss) Reclassified from Other Comprehensive Income into Income
Derivative type	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012				Location of Pretax (Loss) Reclassified from Other Comprehensive Income into Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Canadian Dollar – U.S. Dollar forward contracts		$	0.2		$	(0.1	)	Cost of sales		$	0.1		$	-

Effect of Derivatives on the Statement of Operations - Derivatives Not Designated as Hedging Instruments

(In millions)		Amount of Pretax Gain (Loss) Recognized in Income
Derivative type	Location of Pretax Gain (Loss) Recognized in Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Interest rate cap contract	Interest expense		$	-		$	(0.1	)
British Pound – U.S. Dollar forward contracts	Selling, general and administrative expenses			0.5			-

STATEMENT OF CASH FLOWS

Fiscal Quarter Ended	April 6, 2013			March 31, 2012
(In millions)
Supplemental disclosures of cash flow information:
Cash paid (received) during the period for:
Interest		$	24.5		$	11.9
Net income tax payments (refunds)			0.3			(8.9	)
Supplemental disclosures of non-cash investing and financing activities:
Restricted stock issued to employees			27.4			18.7
Shares withheld for taxes upon vesting of restricted stock			2.0			0.3

PENSION PLANS

Components of Net Periodic Benefit Cost

(In millions)	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
Interest cost	$	0.6		$	0.6
Expected return on plan assets		(0.8	)		(0.7	)
Amortization of net loss		0.3			0.6
Net periodic benefit cost	$	0.1		$	0.5

Employer Contributions

During the fiscal quarter ended April 6, 2013, we contributed $0.7 million to our defined benefit pension plan.  We anticipate contributing a total of $5.1 million during 2013.

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SEGMENT INFORMATION

We identify operating segments based on, among other things, differences in products sold and the way our management organizes the components of our business for purposes of allocating resources and assessing performance.  Our operations are 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 our own retail locations.  The wholesale segments include wholesale operations with third party department and other retail stores, the retail segments include operations by our 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."

We define 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 SG&A costs related to the inventory transferred to those divisions where the retail operations benefit from those costs.

Summarized below are our revenues and income by reportable segment for the fiscal quarters ended April 6, 2013 and March 31, 2012.  We are an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets.  Therefore, we do not represent that these segments, if operated independently, would report the operating profit and other financial information shown below.

(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 6, 2013
Revenues	$	216.5	$	256.6	$	241.2	$	126.1		$	73.2	$	84.3		$	10.8		$	1,008.7
Segment income (loss)	$	10.2	$	34.2	$	21.9	$	(35.0	)	$	5.6	$	(8.2	)	$	(11.8	)		16.9
Net interest expense																			(16.1	)
Equity in income of unconsolidated affiliate																			0.6
Income before provision for income taxes																		$	1.4
For the fiscal quarter ended March 31, 2012
Revenues	$	233.6	$	184.8	$	225.9	$	128.1		$	73.4	$	77.9		$	12.3		$	936.0
Segment income (loss)	$	23.2	$	16.6	$	18.4	$	(22.4	)	$	9.9	$	(4.9	)	$	(0.6	)		40.2
Net interest expense																			(42.7	)
Equity in income of unconsolidated affiliate																			0.9
Loss before benefit for income taxes																		$	(1.6	)

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ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in Accumulated Other Comprehensive (Loss) Income by Component

(In millions)	Gains (Losses) on Cash Flow Hedges			Defined Benefit Pension Items			Foreign Currency Translation			Total
Balance, January 1, 2012	$	-		$	(23.5	)	$	(6.1	)	$	(29.6	)
Other comprehensive (loss) income before reclassifications		(0.1	)		(0.4	)		9.4			8.9
Amounts reclassified from accumulated other comprehensive (loss) income		-			0.4			-			0.4
Net comprehensive (loss) income		(0.1	)		-			9.4			9.3
Balance, March 31, 2012	$	(0.1	)	$	(23.5	)	$	3.3		$	(20.3	)
Balance, January 1, 2013	$	0.1		$	(23.6	)	$	5.6		$	(17.9	)
Other comprehensive (loss) income before reclassifications		0.2			-			(9.2	)		(9.0	)
Amounts reclassified from accumulated other comprehensive (loss) income		(0.1	)		0.2			-			0.1
Net comprehensive (loss) income		0.1			0.2			(9.2	)		(8.9	)
Balance, April 6, 2013	$	0.2		$	(23.4	)	$	(3.6	)	$	(26.8	)

Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

(In millions)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income
	For the Fiscal Quarter Ended April 6, 2013			For the Fiscal Quarter Ended March 31, 2012			Line Item in the Statement of Operations
(Gains) losses on cash flow hedges
Foreign exchange contracts	$	(0.1	)	$	-		Cost of goods sold
Tax benefit		-			-		Provision (benefit) for income taxes
Total, net of tax	$	(0.1	)	$	-
Amortization of defined benefit pension items
Actuarial (gains) losses	$	0.3		$	0.6		Selling, general and administrative expenses
Tax benefit		(0.1	)		(0.2	)	Provision (benefit) for income taxes
Total, net of tax	$	0.2		$	0.4

SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION

Certain of our subsidiaries function as co-issuers (fully and unconditionally guaranteed on a joint and several basis) of the outstanding debt of The Jones Group Inc. ("Jones"), including Jones Apparel Group, USA, Inc. ("Jones USA"), Jones Apparel Group Holdings, Inc. ("Jones Holdings") and JAG Footwear, Accessories and Retail Corporation ("JAG Footwear").

The following condensed consolidating balance sheets, statements of operations, statements of consolidated comprehensive income and statements of cash flows for the "Issuers" (consisting of Jones and Jones USA, Jones Holdings, JAG Footwear, which are all our subsidiaries that act as co-issuers and co-obligors) and the "Others" (consisting of all of our other subsidiaries, excluding all obligor subsidiaries) have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information.  Separate financial statements and other disclosures concerning Jones are not presented as Jones has no independent operations or assets.  There are no contractual restrictions on distributions from Jones USA, Jones Holdings or JAG Footwear to Jones.

- 22 -

Condensed Consolidating Balance Sheets

(In millions)

	April 6, 2013												December 31, 2012
	Issuers			Others			Elim- inations			Cons- olidated			Issuers			Others		Elim- inations			Cons- olidated
ASSETS
Current assets:
Cash and cash equivalents	$	10.8		$	33.9		$	-		$	44.7		$	82.6		$	67.0	$	-		$	149.6
Accounts receivable		237.3			208.9			-			446.2			191.0			190.0		-			381.0
Inventories		284.9			214.4			(1.0	)		498.3			261.7			226.2		(1.2	)		486.7
Prepaid and refundable income taxes		8.8			0.6			(5.5	)		3.9			18.6			0.3		(13.4	)		5.5
Deferred taxes		23.3			12.9			-			36.2			17.9			15.3		-			33.2
Prepaid expenses and other current assets		25.6			22.8			(1.0	)		47.4			23.6			18.2		(1.1	)		40.7
Total current assets		590.7			493.5			(7.5	)		1,076.7			595.4			517.0		(15.7	)		1,096.7
Property, plant and equipment		59.1			206.5			-			265.6			64.6			213.5		-			278.1
Due from affiliates		-			393.8			(393.8	)		-			-			319.0		(319.0	)		-
Goodwill		49.9			162.6			-			212.5			49.9			165.4		-			215.3
Other intangibles		5.8			849.0			-			854.8			6.0			863.7		-			869.7
Deferred taxes		91.7			-			(91.7	)		-			93.0			-		(93.0	)		-
Investments in subsidiaries		1,805.3			41.8			(1,805.3	)		41.8			1,745.6			38.9		(1,745.6	)		38.9
Other assets		65.9			26.8			-			92.7			67.7			29.1		-			96.8
Total assets	$	2,668.4		$	2,174.0		$	(2,298.3	)	$	2,544.1		$	2,622.2		$	2,146.6	$	(2,173.3	)	$	2,595.5
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings	$	64.5		$	-		$	-		$	64.5		$	-		$	-	$	-		$	-
Current portion of long-term debt and capital lease obligations		-			2.2			-			2.2			-			2.2		-			2.2
Current portion of acquisition consideration payable		20.8			-			-			20.8			30.3			-		-			30.3
Accounts payable		124.3			83.9			-			208.2			156.2			101.3		-			257.5
Income taxes payable		10.7			15.0			(25.7	)		-			22.1			12.9		(33.6	)		1.4
Accrued expenses and other current liabilities		65.0			63.6			(1.0	)		127.6			79.1			82.8		(1.1	)		160.8
Total current liabilities		285.3			164.7			(26.7	)		423.3			287.7			199.2		(34.7	)		452.2
Long-term debt		932.0			-			-			932.0			934.4			-		-			934.4
Obligations under capital leases		-			20.7			-			20.7			-			21.3		-			21.3
Income taxes payable		0.5			-			-			0.5			0.5			-		-			0.5
Deferred taxes		-			159.3			(97.7	)		61.6			-			155.7		(99.0	)		56.7
Acquisition consideration payable		3.2			-			-			3.2			6.0			-		-			6.0
Due to affiliates		393.8			-			(393.8	)		-			319.0			-		(319.0	)		-
Other		89.5			24.0			-			113.5			93.1			25.0		-			118.1
Total liabilities		1,704.3			368.7			(518.2	)		1,554.8			1,640.7			401.2		(452.7	)		1,589.2
Redeemable noncontrolling interest		-			0.6			-			0.6			-			0.6		-			0.6
Equity:
Common stock and additional paid-in capital		522.1			929.7			(929.7	)		522.1			521.6			948.0		(948.0	)		521.6
Retained earnings		468.8			879.9			(856.4	)		492.3			477.8			793.1		(769.8	)		501.1
Accumulated other comprehensive  (loss) income		(26.8	)		(6.0	)		6.0			(26.8	)		(17.9	)		2.8		(2.8	)		(17.9	)
Total Jones stockholders' equity		964.1			1,803.6			(1,780.1	)		987.6			981.5			1,743.9		(1,720.6	)		1,004.8
Noncontrolling interests		-			1.1			-			1.1			-			0.9		-			0.9
Total equity		964.1			1,804.7			(1,780.1	)		988.7			981.5			1,744.8		(1,720.6	)		1,005.7
Total liabilities and equity	$	2,668.4		$	2,174.0		$	(2,298.3	)	$	2,544.1		$	2,622.2		$	2,146.6	$	(2,173.3	)	$	2,595.5

Condensed Consolidating Statements of Operations

(In millions)

	Fiscal Quarter Ended April 6, 2013										Fiscal Quarter Ended March 31, 2012
	Issuers			Others		Elim- inations			Cons- olidated		Issuers			Others			Elim- inations			Cons- olidated
Net sales	$	577.8		$	424.8	$	(5.0	)	$	997.6	$	570.6		$	359.6		$	(6.8	)	$	923.4
Licensing income		0.1			10.7		-			10.8		-			12.3			-			12.3
Other revenues		0.3			-		-			0.3		0.3			-			-			0.3
Total revenues		578.2			435.5		(5.0	)		1,008.7		570.9			371.9			(6.8	)		936.0
Cost of goods sold		389.6			273.7		(3.0	)		660.3		377.3			218.9			(3.7	)		592.5
Gross profit		188.6			161.8		(2.0	)		348.4		193.6			153.0			(3.1	)		343.5
Selling, general and administrative expenses		227.6			106.2		(2.3	)		331.5		206.7			98.8			(2.2	)		303.3
Operating (loss) income		(39.0	)		55.6		0.3			16.9		(13.1	)		54.2			(0.9	)		40.2
Net interest expense (income) and financing costs		14.8			1.3		-			16.1		43.2			(0.5	)		-			42.7
Equity in income of unconsolidated affiliate		-			0.6		-			0.6		-			0.9			-			0.9
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries		(53.8	)		54.9		0.3			1.4		(56.3	)		55.6			(0.9	)		(1.6	)
(Benefit) provision for income taxes		(20.2	)		20.6		0.1			0.5		(15.9	)		15.7			(0.4	)		(0.6	)
Equity in earnings of subsidiaries		33.9			-		(33.9	)		-		39.9			-			(39.9	)		-
Net income (loss)		0.3			34.3		(33.7	)		0.9		(0.5	)		39.9			(40.4	)		(1.0	)
Less: income attributable to  noncontrolling interest		-			0.4		-			0.4		-			0.2			-			0.2
Income (loss) attributable to Jones	$	0.3		$	33.9	$	(33.7	)	$	0.5	$	(0.5	)	$	39.7		$	(40.4	)	$	(1.2	)

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Condensed Consolidating Statements of Other Comprehensive (Loss) Income

(In millions)

	Fiscal Quarter Ended April 6, 2013												Fiscal Quarter Ended March 31, 2012
	Issuers			Others			Elim- inations			Cons- olidated			Issuers			Others			Elim- inations			Cons- olidated
Net (loss) income	$	0.3		$	34.3		$	(33.7	)	$	0.9		$	(0.5	)	$	39.9		$	(40.4	)	$	(1.0	)
Other comprehensive (loss) income:
Pension and postretirement liability adjustments, net of tax		0.2			-			-			0.2			-			-			-			-
Change in fair value of cash flow hedges, net of tax		0.2			0.2			(0.2	)		0.2			(0.1	)		(0.1	)		0.1			(0.1	)
Reclassification adjustment for hedge gains and losses included in net income, net of tax		(0.1	)		(0.1	)		0.1			(0.1	)		-			-			-			-
Foreign currency translation adjustments		(9.2	)		(9.2	)		9.2			(9.2	)		9.4			9.4			(9.4	)		9.4
Total other comprehensive (loss) income		(8.9	)		(9.1	)		9.1			(8.9	)		9.3			9.3			(9.3	)		9.3
Comprehensive (loss) income	$	(8.6	)	$	25.2		$	(24.6	)	$	(8.0	)	$	8.8		$	49.2		$	(49.7	)	$	8.3

Condensed Consolidating Statements of Cash Flows

(In millions)

	Fiscal Quarter Ended April 6, 2013											Fiscal Quarter Ended March 31, 2012
	Issuers			Others			Elim- inations		Cons- olidated			Issuers			Others			Elim- inations			Cons- olidated
Net cash (used in) provided by operating activities	$	(116.7	)	$	(20.0	)	$	-	$	(136.7	)	$	(67.9	)	$	10.9		$	(2.8	)	$	(59.8	)
Cash flows from investing activities:
Capital expenditures		(3.9	)		(12.4	)		-		(16.3	)		(3.9	)		(14.3	)		-			(18.2	)
Other		(0.2	)		-			-		(0.2	)		-			(0.2	)		-			(0.2	)
Net cash used in investing activities		(4.1	)		(12.4	)		-		(16.5	)		(3.9	)		(14.5	)		-			(18.4	)
Cash flows from financing activities:
Net increase in short-term borrowings		64.5			-			-		64.5			-			-			-			-
Dividends paid		(4.0	)		-			-		(4.0	)		(4.0	)		(2.8	)		2.8			(4.0	)
Repurchase of common shares		(9.0	)		-			-		(9.0	)		(8.9	)		-			-			(8.9	)
Payments of acquisition consideration payable		(2.5	)		-			-		(2.5	)		-			(2.0	)		-			(2.0	)
Other items, net		-			(0.7	)		-		(0.7	)		2.1			(0.6	)		-			1.5
Net cash provided by (used in) financing activities		49.0			(0.7	)		-		48.3			(10.8	)		(5.4	)		2.8			(13.4	)
Effect of exchange rates on cash		-			-			-		-			-			(0.1	)		-			(0.1	)
Net decrease in cash and cash equivalents		(71.8	)		(33.1	)		-		(104.9	)		(82.6	)		(9.1	)		-			(91.7	)
Cash and cash equivalents, beginning		82.6			67.0			-		149.6			195.8			43.0			-			238.8
Cash and cash equivalents, ending	$	10.8		$	33.9		$	-	$	44.7		$	113.2		$	33.9		$	-		$	147.1

NEW ACCOUNTING STANDARDS

In March 2013, the FASB issued ASU 2013-05, "Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity."  ASU 2013-05 requires an entity to release any related cumulative translation adjustment into net income when it ceases to have a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided.  For an equity method investment that is a foreign entity, a pro rata portion of the cumulative translation adjustment should be released into net income upon a partial sale of such an equity method investment.  Additionally, the amendments clarify that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (that is, irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition).  Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events.

- 24 -

For public entities, the amendments are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013.  Early adoption is permitted.  If an entity elects to early adopt the amendments, it should apply them as of the beginning of the entity's fiscal year of adoption.

Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion provides information and analysis of our results of operations for the 14  week period ended April 6, 2013 (hereinafter referred to as the "first fiscal quarter of 2013") and the 13 week period ended March 31, 2012 (hereinafter referred to as the "first fiscal quarter of 2012") and our liquidity and capital resources.  The first fiscal quarter of 2013 contained five additional retail selling days (the "additional sales days") compared with the first fiscal quarter of 2012.  The following discussion and analysis should be read in conjunction with our Consolidated Financial Statements included elsewhere herein.

Executive Overview

We design, contract for the manufacture of and market a broad range of women's collection sportswear, suits and dresses, casual sportswear and jeanswear for women and children and women's and men's footwear and accessories.  We sell our products through a broad array of distribution channels, including better specialty stores, department stores, mass merchandisers and international concession arrangements, primarily in the United States, Canada and Europe.  We also operate our own network of retail and factory outlet stores and several e-commerce web sites.  In addition, we license the use of several of our brand names to select manufacturers and distributors of women's and men's apparel and accessories worldwide.

Significant highlights from the discussion and analysis of our results of operations for the first fiscal quarter of 2013 are as follows:

· total revenues were $1.0 billion, an increase of $72.7 million from a year ago;

· gross profit, as a percent of sales, decreased to 34.5% from 36.7% a year ago;

· operating income was $16.9 million, a decrease of $23.3 million from a year ago; and

· diluted earnings per share was $0.01, compared with diluted loss per share of $0.01 from a year ago.

Restructuring

We continue to review our domestic retail operations for underperforming locations.  As a result of these reviews, we have decided to close retail locations that no longer provide strategic benefits.  During the first fiscal quarter of 2013, we decided to close 120 underperforming domestic retail locations throughout 2013 and 2014 in addition to the 50 store closings announced in the fiscal quarter ended December 31, 2012.  We expect to operate a smaller and more productive chain of domestic locations, with outlet stores comprising a significantly higher percentage of the overall retail portfolio.  We will continue to critically assess individual store profitability, including consideration of converting certain locations to brands that offer the greatest opportunity for revenue growth.

During the first fiscal quarters of 2013 and 2012, we closed 25 and 41 locations, respectively, under this plan.  Total termination benefits and associated employee costs for all locations closed since 2009 and identified to be closed are expected to be $14.1 million for approximately 2,950 employees, including both store employees and administrative support personnel.  We accrued $3.3 million and $0.8 million of termination benefits and associated employee costs during the first fiscal quarters of 2013 and 2012, respectively.  In connection with our decision to close these locations, we reviewed the associated long-term assets for impairments.  As a result of these reviews, we recorded $5.8 million and $0.4 million of impairment losses in the first fiscal quarters of 2013 and 2012, respectively, on leasehold improvements and furniture and fixtures located in the locations to be closed.  These costs are reported as selling, general and administrative ("SG&A") expenses in the domestic retail segment.

- 25 -

During the fiscal quarter ended April 6, 2013, we implemented actions to reduce costs in certain selling, supply chain and corporate back office functions (primarily through headcount reductions) and to optimize our wholesale sportswear channel by streamlining our structure to support a brand-focused organization, including the consolidation of certain production, design and selling divisions and consolidation of distribution and supply chain facilities.  Total termination benefits and associated employee costs identified as of April 6, 2013 are expected to be $4.5 million for approximately 90 employees.  We recorded $3.9 million of employee termination costs in the fiscal quarter ended April 6, 2013.  The remaining $0.6 million will be accrued on a straight-line basis over the remaining period each affected employee is required to render service to receive the benefit.  These costs are reported as SG&A expenses and affect all of our reportable segments.

Critical Accounting Policies

Several of our accounting policies involve significant or complex judgments and uncertainties and require us to make certain critical accounting estimates.  We consider an accounting estimate to be critical if it requires us to make assumptions that are subjective in nature or are about matters that were highly uncertain at the time the estimate was made.  The estimates with the greatest potential effect on our results of operations and financial position include the collectibility of accounts receivable, the recovery value of obsolete or overstocked inventory and the fair values of goodwill and intangible assets with indefinite lives.  Estimates related to accounts receivable and inventory affect all of our segments.  Estimates related to goodwill affect our domestic wholesale sportswear, international wholesale and international retail segments.  Estimates related to intangible assets with indefinite lives affect our domestic footwear and accessories, international wholesale, international retail, and licensing, other and eliminations segments.

For accounts receivable, we estimate the net collectibility, considering both historical and anticipated trends of trade discounts and co-op advertising deductions taken by our customers, allowances we provide to our retail customers to flow goods through the retail channels, and the possibility of non-collection due to the financial position of our customers.  For inventory, we estimate the amount of goods that we will not be able to sell in the normal course of business and write down the value of these goods to the recovery value expected to be realized through off-price channels.  Historically, actual results in these areas have not been materially different than our estimates, and we do not anticipate that our estimates and assumptions are likely to materially change in the future.  However, if we incorrectly anticipate trends or unexpected events occur, our results of operations could be materially affected.

Goodwill represents the excess of the purchase price and related costs over the value assigned to net tangible and identifiable intangible assets of businesses acquired.  Accounting rules generally require that we test at least annually for possible goodwill impairment.  We test our goodwill and our intangible assets with indefinite lives for impairment on an annual basis (during our fourth fiscal quarter) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of an asset below its carrying value.  We test goodwill at the segment level where acquired businesses have been fully integrated into our existing structure and at one level below the segment level where acquired businesses have not been fully integrated.

We test both our goodwill and our trademarks for impairment by utilizing discounted cash flow models to estimate their fair values.  These cash flow models involve several assumptions.  Changes in our assumptions could materially impact our fair value estimates.  Assumptions critical to our fair value estimates are: (i) discount rates used to derive the present value factors used in determining the fair value of the reporting units and trademarks; (ii) royalty rates used in our trademark valuations; (iii) projected average revenue growth rates used in the models; and (iv) projected long-term growth rates used in the derivation of terminal year values.  These and other assumptions are impacted by economic and market conditions as well as expectations of management and may change in the future based on period-specific facts and circumstances.

- 26 -

Results of Operations

Statements of Operations Stated in Dollars and as a Percentage of Total Revenues

(In millions)	Fiscal Quarter Ended
	April 6, 2013				March 31, 2012
Net sales	$	997.6	98.9	%	$	923.4		98.7	%
Licensing income		10.8	1.1			12.3		1.3
Other revenues		0.3	0.0			0.3		0.0
Total revenues		1,008.7	100.0			936.0		100.0
Cost of goods sold		660.3	65.5			592.5		63.3
Gross profit		348.4	34.5			343.5		36.7
Selling, general and administrative expenses		331.5	32.9			303.3		32.4
Operating income		16.9	1.7			40.2		4.3
Net interest expense and financing costs		16.1	1.6			42.7		4.6
Equity in income of unconsolidated affiliate		0.6	0.1			0.9		0.1
Income (loss) before provision (benefit) for income taxes		1.4	0.1			(1.6	)	(0.2	)
Provision (benefit) for income taxes		0.5	0.0			(0.6	)	(0.1	)
Net income (loss)		0.9	0.1			(1.0	)	(0.1	)
Less: income attributable to noncontrolling interest		0.4	0.0			0.2		0.0
Income (loss) attributable to Jones	$	0.5	0.0	%	$	(1.2	)	(0.1	)%

Percentage totals may not add due to rounding.

Fiscal Quarter Ended April 6, 2013 Compared with Fiscal Quarter Ended March 31, 2012

Revenues.  Total revenues for the first fiscal quarter of 2013 were $1.0 billion, compared with $936.0 million for the first fiscal quarter of 2012, an increase of 7.8%.  Revenues by segment were as follows:

(In millions)	First Fiscal Quarterof 2013		First Fiscal Quarterof 2012		Increase (Decrease		)	Percent Change
Domestic wholesale sportswear	$	216.5	$	233.6	$	(17.1	)		(7.3	%)
Domestic wholesale jeanswear		256.6		184.8		71.8			38.9
Domestic wholesale footwear and accessories		241.2		225.9		15.3			6.8
Domestic retail		126.1		128.1		(2.0	)		(1.6	)
International wholesale		73.2		73.4		(0.2	)		(0.3	)
International retail		84.3		77.9		6.4			8.2
Licensing and other		10.8		12.3		(1.5	)		(12.2	)
Total revenues	$	1,008.7	$	936.0	$	72.7			7.8	%

Domestic wholesale sportswear revenues decreased $17.1 million, primarily due to decreased revenues in our Jones New York sportswear and Anne Klein suit product lines resulting from reduced shipments of both brands to lower-performing retail doors and poor product performance.  Revenues also decreased from the discontinuation of our Joneswear product lines resulting from a change in J.C. Penney's retail strategy.  Revenues in our Evan-Picone product lines decreased due to reduced shipments of suits and moderate sportswear to lower-performing retail doors.  These decreases were partially offset by increased revenues in our Jones New York Sport, Anne Klein dress and Rachel Roy product lines (due to positive product performance at retail) and the expansion of various product lines into special markets.

Domestic wholesale jeanswear revenues increased $71.8 million, primarily due to increased shipments of our Gloria Vanderbilt, l.e.i., Erika, Nine West Jeans, Bandolino, Jessica Simpson and private label product lines due to positive product performance of both replenishment and fashion product at the retail level across our key customers.

Domestic wholesale footwear and accessories revenues increased $15.3 million.  Footwear revenues increased due to increased shipments of Nine West and Anne Klein (resulting from strong performance in the value channel), increased shipments of Easy Spirit and Nine & Co (resulting from strong product performance at the retail level) and shipments of our Cloud 9 and Rachel Roy footwear lines, which

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launched in Fall 2012.  These increases were partially offset by decreases in our Stuart Weitzman (due to our decision to reduce our distribution through Macy's, Inc. and Amazon.com, Inc.), Enzo Angiolini (due to increased shipments in the value channel in the prior year), Sam & Libby (due to the sale of the trademark in August 2012), Mootsies Tootsies (due to the decision of a retail customer to exit the brand), Bandolino (due to the exit of a club program with a customer) and Jones New York (resulting from our decision to exit the footwear category) product lines.  The increase in revenues in our handbag product lines was primarily due to increased shipments of Nine West and Anne Klein handbags resulting from positive performance at the retail level.  The increase in revenues in our jewelry product lines was due to an increase in our market share resulting from a competitor's exit and increased shipments of our Givenchy, Nine West and Anne Klein product lines resulting from positive performance at the retail level.

Domestic retail revenues decreased $2.0 million.  Revenue decreases were primarily the result of a $6.2 million reduction related to our program to close underperforming locations and a 2.9% decrease in comparable store sales ($3.2 million) resulting from decreased consumer traffic and cold weather affecting the sales of spring merchandise.  These decreases were partially offset by $7.4 million in sales for the additional sales days.  We began the current quarter with 594 retail locations and had a net decrease of 20 locations to end the quarter with 574 locations, compared with 633 locations at the end of the prior period.  Our comparable apparel store sales decreased 14.3% ($3.3 million), our comparable footwear store sales decreased 3.8% ($2.8 million) and our comparable e-commerce business sales increased 18.4% ($2.9 million).  Comparable stores are locations (including e-commerce sites) that have been open for a full year, are not scheduled to close in the current period and are not scheduled for a footprint expansion or downsize by more than 25% or relocation to a different street or mall.

International wholesale revenues decreased $0.2 million, primarily due to a $5.2 million decrease in our Nine West international business due to lower orders from our largest Asian licensee and the timing of shipments to a Turkish licensee.  Our Stuart Weitzman business also decreased $1.4 million (due to general economic conditions in Western Europe), and shipments of our Jones New York sportswear and jewelry product lines to Mexico decreased $0.8 million (due to performance at the retail level).  These decreases were partially offset by a $2.7 million increase in our Canadian business (due to increased shipments of our Jones Sport product lines and timing of shipments between quarters), $1.5 million of sales of the acquired Brian Atwood product line, $1.4 million of initialshipments of our Anne Klein apparel and jewelry products to international customers, a $0.8 million increase in our Kurt Geiger business (due to initial shipments to a new customer in the Middle East) and $0.8 million of initial shipments of our Rachel Roy, Nine West and Robert Rodriguezapparel lines to international customers.

International retail revenues increased $6.4 million, primarily due to $6.3 million in sales for the additional sales days.  Sales in our Kurt Geiger locations increased $7.0 million due to the additional days as well as an aggressive sales program to liquidate excess inventory.  Sales in our Stuart Weitzman European retail stores increased $0.5 million due to the additional sales days and a 1.6% increase in comparable store sales.  Sales in our Canadian and Spanish retail locations decreased $1.1 million due to decreases in comparable store sales of 13.1% and 21.5%, respectively, partially offset by sales for the additional sales days.  Total comparable store sales for our international retail locations decreased 1.9% ($1.3 million).  We began the current quarter with 341 stores and had a net increase of 11 locations to end the quarter with 352 stores, compared with 319 locations at the end of the prior period.

Licensing and other revenues decreased $1.5 million, primarily due to decreased sales volume of our licensees in certain segments of our licensed business and the effect of the discontinuance of the Anne Klein New York label on our international licensees.

Gross Profit.  The gross profit margins were 34.5% and 36.7% for the first fiscal quarters of 2013 and 2012, respectively.

Domestic wholesale sportswear gross profit margins were 30.9% and 35.0% for the first fiscal quarters of 2013 and 2012, respectively.  The decrease was primarily due to an increase in customer markdown assistance, higher levels of sales to off-price retailers and a strategic change to lower selling prices of our Jones New York products to be competitive with our peers.

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Domestic wholesale jeanswear gross profit margins were 26.0% and 26.3% for the first fiscal quarters of 2013 and 2012, respectively.  The decrease was primarily due to higher levels of customer allowances in the current period, partially offset by the mix of products sold.

Domestic wholesale footwear and accessories gross profit margins were 30.7% and 31.3% for the first fiscal quarters of 2013 and 2012, respectively.  The decrease was primarily due to increased production costs and higher customer support for our Stuart Weitzman product line, partially offset by an increase in full price sales for our jewelry product lines due to positive product performance at the retail level.

Domestic retail gross profit margins were 49.0% and 50.3% for the first fiscal quarters of 2013 and 2012, respectively.  The decrease was primarily due to higher levels of promotional activity, increased freight costs and increased sales of our Stuart Weitzman product line to off-price retailers, partially offset by the mix of products sold.

International wholesale gross profit margins were 33.7% and 33.8% for the first fiscal quarters of 2013 and 2012, respectively.  The decrease was primarily due to higher levels of sales of our Kurt Geiger product lines to off-price retailers and higher customer markdown assistance in our Canadian business, partially offset by lower production costs in our Nine West international business and the mix of products sold.

International retail gross profit margins were 51.6% and 53.5% for the first fiscal quarters of 2013 and 2012, respectively.  The decrease was primarily due to promotional activity in our Kurt Geiger European retail locations and cold weather, which dampened the sales of the full-priced spring season products.

Selling, General and Administrative Expenses.  SG&A expenses were $331.5 million and $303.3 million in the first fiscal quarters of 2013 and 2012, respectively.

Domestic wholesale sportswear SG&A expenses decreased $1.7 million, primarily due to a $2.3 million decrease in severance expense, a $1.3 million reduction in administrative expenses, a $0.4 million decrease in depreciation expense due to leasehold improvements becoming fully depreciated last year and a $0.3 million reduction in compensation expenses due to a lower headcount.  These decreases were partially offset by a $0.4 million reduction in the current period of the acquisition consideration payable related to the acquisition of Moda Nicola International, LLC, compared with a $3.0 million reduction in the prior period due to lower sales expectations.

Domestic wholesale jeanswear SG&A expenses increased $0.4 million, primarily due to a $1.8 million increase in distribution expenses driven by increased sales volume, a $0.9 million increase in compensation expense due to higher headcount to support projected growth and a $0.4 million increase in royalties associated with the growth of the Jessica Simpson brand.  These increases were partially offset by a $1.2 million decrease in administrative expenses, a $1.1 million decrease in marketing and advertising expenses and a $0.4 million decrease in samples expense due to timing of spending.

Domestic wholesale footwear and accessories SG&A expenses decreased $0.1 million, primarily due to a $1.8 million reduction in compensation expenses (due to the transfer of certain positions to our domestic retail and our licensing, other and eliminations segments, as well as reduced pension expense), a $0.8 million decrease in depreciation expense, a $0.8 million decrease in severance expense, a $0.7 million decrease in professional fees (due to expenses incurred in the prior year to support new computer systems) and $0.2 million of other net decreases.  These decreases were partially offset by a $2.3 million decrease in support costs charged to other business units, a $1.3 million increase in administrative expenses and a $0.6 million increase in samples expenses.

Domestic retail SG&A expenses increased $10.0 million, primarily due to a $5.4 million increase in store-related asset impairment charges compared with the prior period, a $2.9 million increase in operating costs for new retail stores opened under the Kurt Geiger and Brian Atwood brands, a $1.9 million increase in severance expense, a $1.6 million increase in operating and rent expenses for new Stuart

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Weitzman locations and a $1.1 million increase in compensation and related benefits expense due to the additional sales days and the transfer of certain positions from our domestic wholesale footwear and accessories business.  These increases were partially offset by a $1.9 million decrease in occupancy expenses due to operating fewer locations and a $1.0 million decrease in other administrative expenses.

International wholesale SG&A expenses increased $4.2 million, primarily due to $1.8 million of expenses added as a result of the acquisition of Brian Atwood, a $1.6 million write-off of assets due to the closing of a Stuart Weitzman showroom and a $1.2 million effect of unfavorable exchange rate differences between the U.S. Dollar and the Euro.  These increases were offset by a $0.3 million decrease in our Nine West international business, primarily due to lower costs for services provided by other business units, and $0.1 million in other net decreases.

International retail SG&A expenses increased $5.1 million, primarily due to $1.0 million in increased concession fees due to higher sales, a $1.0 million increase in compensation expenses due to new positions added and more locations in the current period, a $0.7 million increase in depreciation expenses due to new Kurt Geiger locations, a $0.7 million increase in marketing expenses due to timing of programs, a $0.6 million increase in operating and rent expenses for new Stuart Weitzman and Canadian retail locations, a $0.5 million increase in administrative expenses, and $0.6 million in other increases.

SG&A expenses for the licensing, other and eliminations segment increased $10.3 million, primarily due to a $8.3 million effect of unfavorable exchange rate differences between the U.S. Dollar and the British Pound and Canadian Dollar, primarily related to intercompany balances, a $0.9 million increase in compensation expense, primarily related to higher amortization of stock-based compensation, and $1.1 million of other net increases.

Operating Income.  The resulting operating income for the first fiscal quarter of 2013 was $16.9 million, compared with $40.2 million for the first fiscal quarter of 2012, due to the factors described above.

Net Interest Expense. Net interest expense decreased $26.6 million, primarily due to a $28.1 million decrease in interest expense related to the Stuart Weitzman Holdings, LLC ("SWH") acquisition consideration liability and a net $1.6 million decrease in interest expense related to our interest rate swaps and cap.  These decreases were partially offset by a $1.8 million increase resulting from the issuance of the additional $100 million of our 6.875% Senior Notes Due 2019 on September 25, 2012, $0.8 million of interest on our Senior Notes due to the five additional days in the current period and $0.5 million in other net increases.

Income Taxes.  The effective income tax rate was 37.0% for the first fiscal quarters of both 2013 and 2012.

Net Income (Loss) and Earnings (Loss) Per Share.  Net income was $0.9 million in the first fiscal quarter of 2013, compared with a net loss of $1.0 million in the first fiscal quarter of 2012.  Diluted earnings per share for the first fiscal quarter of 2013 was $0.01, compared with diluted loss per share of $0.01 for the first fiscal quarter of 2012, with 0.3% fewer diluted shares outstanding.

Liquidity and Capital Resources

Our principal capital requirements have been for working capital needs, capital expenditures, dividend payments, acquisition funding and repurchases of our common stock on the open market.  We have historically relied on internally generated funds, trade credit, bank borrowings and the issuance of notes to finance our operations.  We currently fund our operations primarily through cash generated by operating activities, and rely on our revolving credit facility for the issuance of trade letters of credit for the purchases of inventory and for cash borrowings as needed.  As of April 6, 2013, total cash and cash equivalents were $44.7 million, a decrease of $104.9 million from the $149.6 million reported as of December 31, 2012.

Cash flows from operating activities used $136.7 million and $59.8 million in the first fiscal quarters of 2013 and 2012, respectively.  The change from the prior period was primarily due to changes in

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working capital.  Accounts receivable increased less in the current period primarily due to the timing of cash collections in the current period.  Inventories increased in the current period compared with a decrease in the prior period due to higher levels of replenishment inventory and higher levels of jeanswear inventory to meet projected shipments for 2013.  Accounts payable decreased in the current period compared to an increase in the prior period, primarily due to the timing of inventory purchases and payments.  Acquisition consideration liabilities also decreased in the current period (due to higher payments) compared with an increase in the prior period (due to higher projected earnings of SWH).

Cash flows from investing activities used $16.5 million and $18.4 million in the first fiscal quarters of 2013 and 2012, respectively, primarily for purchases of property and equipment in both periods.

Cash flows from financing activities provided $48.3 million in the first fiscal quarter of 2013, primarily from an increase in short-term borrowings under our revolving credit facility, partially offset by repurchases of our common stock, the payment of dividends and payments of acquisition consideration liabilities.  Cash flows from financing activities used $13.4 million in the first fiscal quarter of 2012, primarily for repurchases of our common stock, the payment of dividends and payments of acquisition consideration liabilities.

We repurchased 0.8 million shares of our common stock for $9.0 million on the open market during the first fiscal quarter 2013 and 1.0 million shares of our common stock for $8.9 million on the open market during the first fiscal quarter 2012.  As of April 6, 2013, $162.4 million of Board authorized repurchases was still available.  We may make additional share repurchases in the future depending on, among other things, market conditions and our financial condition.

We have a secured revolving credit agreement expiring on April 28, 2016 (the "Credit Facility") with several lending institutions to borrow an aggregate principal amount of up to $650 million.  The terms and conditions of our Credit Facility provide for, among other things: (1) a $350 million U.S. commitment which may be drawn by the U.S. borrowers as revolving loans in U.S. Dollars or letters of credit in Canadian Dollars, U.S. Dollars, or an "LC Alternative Currency" (namely Euros, sterling, or any other currency acceptable to the lenders); and (2) a $300 million international commitment which may be drawn by the U.S. borrowers or by any Canadian or European borrowers as revolving loans or letters of credit in Canadian Dollars, U.S. Dollars, or an LC Alternative Currency.  Up to the entire amount of the Credit Facility is available for cash borrowings, with an overall sublimit of up to $350 million for all letters of credit.  All of the overall $350 million sublimit may be used for trade letters of credit; and within that overall sublimit, there are additional sublimits, including (but not limited to) $50 million for standby letters of credit and $150 million for letters of credit under the U.S. commitment denominated in an LC Alternative Currency.

        Borrowings under the Credit Facility may be used to refinance certain existing indebtedness, to make certain investments (including acquisitions), and for general corporate purposes in the ordinary course of business.  Such borrowings bear interest either based on the alternate base rate, as defined in the Credit Facility, or based on Eurocurrency rates, each with a margin that depends on the availability remaining under the Credit Facility.  The Credit Facility contains customary events of default.

        Availability under the Credit Facility is determined with reference to a borrowing base consisting of a percentage of eligible inventory, accounts receivable, credit card receivables and licensee receivables, minus reserves determined by the joint collateral agents.  At April 6, 2013, we had $64.5 million of cash borrowings and $18.3 million of letters of credit outstanding, and our remaining availability was $456.7 million.  If availability under the Credit Facility falls below a stated level, we will be required to comply with a minimum fixed charge coverage ratio.  The Credit Facility also contains affirmative and negative covenants that, among other things, will limit or restrict our ability to (1) incur indebtedness, (2) create liens, (3) merge, consolidate, liquidate or dissolve, (4) make investments (including acquisitions), loans or advances, (5) sell assets, (6) enter into sale and leaseback transactions, (7) enter into swap agreements, (8) make certain restricted payments (including dividends and other payments in respect of capital stock), (9) enter into transactions with affiliates, (10) enter into restrictive agreements, and (11) amend material

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documents.  The Credit Facility is secured by a first priority lien on substantially all of our personal property.

On May 1, 2013, we announced that our Board of Directors had declared a quarterly cash dividend of $0.05 per share to all common stockholders of record as of May 17, 2013 for payment on May 31, 2013.

Economic Outlook

The uncertain economic and political environments have resulted in fluctuating consumer confidence.  Fluctuating energy, gasoline and other prices are impacting consumers' discretionary income.  This may lead to reduced consumer spending, which could affect our net sales and our future profitability.  Our recent acquisitions have increased our presence within the European Union, where the current highly uncertain economic and political conditions may lead to reduced consumer spending in those countries as well.

Reduced consumer spending, combined with rising costs related to changes in foreign exchange rates, increasing labor costs (primarily in Asia), commodity prices and increasing transportation costs, may reduce our gross profit margins from present levels.  We may be limited in our ability to compensate for a loss of revenues or increase our selling prices to offset rising costs.  Should the consumer not accept higher retail prices for our products, these rising costs would have a material adverse effect on our business.

Our products are manufactured in many foreign countries, including China, Brazil, Spain and Italy.  Due to the current and expected future economic relationship between the United States and China, we may experience increased risk related to changes in foreign currency exchange rates should China allow the Yuan to continue to rise in value against the Dollar.  We may also experience increased risk related to changes in foreign currency rates between the Euro, British Pound and the Dollar due to economic conditions in Europe.  Should unfavorable movements in foreign exchange rates occur, increased production costs for our goods manufactured in China, Brazil, Spain and Italy could result.

When adverse economic conditions exist in the United States or abroad, we may experience increased risk related to the collectibility of our accounts receivable, and we may increase our provision for doubtful accounts in the future should any of our wholesale customers, international distributors or licensees experience significant financial difficulties.  If such conditions lead to defaults that are individually or cumulatively significant, we could experience a material adverse impact on our financial condition, results of operations and/or liquidity.  A significant portion of our international wholesale business involves sales to a small number of distributors and licensees, which increases our accounts receivable risk in these areas.

The economic turmoil in the credit markets over the past several years and the negative effects of the economic environment on our business may negatively impact our ability to borrow funds in the future.  However, we believe that available cash and cash equivalents, funds generated by operations and the Credit Facility will provide the financial resources sufficient to meet our foreseeable working capital, dividend, capital expenditure and stock repurchase requirements and fund our contractual obligations and our acquisition liabilities and commitments.  Although there can be no assurances, we believe that the participating banks will be willing and able to loan funds to us in accordance with their legal obligations under the Credit Facility.

New Accounting Standards

In March 2013, the FASB issued ASU 2013-05, "Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity."  ASU 2013-05 requires an entity to release any related cumulative translation adjustment into net income when it ceases to have a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided.  For an equity method investment that is a foreign entity, a pro rata portion of the cumulative translation adjustment should be 

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released into net income upon a partial sale of such an equity method investment.  Additionally, the amendments clarify that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (that is, irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition).  Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events.

For public entities, the amendments are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013.  Early adoption is permitted.  If an entity elects to early adopt the amendments, it should apply them as of the beginning of the entity's fiscal year of adoption.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Market Risk Sensitive Instruments

We are exposed to the impact of interest rate changes, foreign currency fluctuations, and changes in the market value of our fixed rate long-term debt.  We manage this exposure through regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments.  Our policy allows the use of derivative financial instruments for identifiable market risk exposures, including interest rate and foreign currency fluctuations.  We do not enter into derivative financial contracts for trading or other speculative purposes.  The following quantitative disclosures were derived using quoted market prices, yields and theoretical pricing models obtained through independent pricing sources for the same or similar types of financial instruments, taking into consideration the underlying terms, such as the coupon rate, term to maturity and imbedded call options.  Certain items such as lease contracts, insurance contracts, and obligations for pension and other post-retirement benefits were not included in the analysis.  For further information see "Derivatives" and "Financial Instruments" in the Notes to Consolidated Financial Statements.

Interest Rates

Our primary interest rate exposures relate to the fair value of our fixed rate long-term debt and interest expense related to our revolving credit facility.

At April 6, 2013, the fair value of our fixed rate debt was $912.5 million.  On that date, the potential decrease in fair value of our fixed rate long-term debt instruments resulting from a hypothetical 10% adverse change in interest rates was approximately $82.9 million.

Our primary interest rate exposures on variable rate credit facilities are with respect to United States and Canadian short-term rates.  Cash borrowings under these facilities bear interest at rates that vary with changes in prevailing market rates.  At April 6, 2013, we had $650.0 million in variable rate credit facilities, under which $64.5 million of cash borrowings and $18.3 million of letters of credit were outstanding.

At April 6, 2013, we had an outstanding interest rate cap that was used in conjunction with the interest rate swaps on our $250 million 5.125% Senior Notes due 2014 to limit our floating rate exposure.  The cap limits our three-month LIBOR rate exposure to 5.0%.  The cap has a termination date of November 15, 2014.  At April 6, 2013, the fair value of the interest rate cap was an asset of less than $0.1 million.

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Foreign Currency Exchange Rates

We are exposed to market risk related to changes in foreign currency exchange rates.  Our products are primarily purchased from foreign manufacturers in pre-set United States Dollar prices, although we also purchase certain products in Euros and Pounds.  We also have assets, liabilities and intercompany accounts denominated in certain foreign currencies that generate exchange gains and losses as exchange rates change.  To date, we generally have not been materially adversely affected by fluctuations in exchange rates.

At April 6, 2013, we had outstanding foreign exchange contracts to exchange Canadian Dollars for a total notional value of US$12.1 million at a weighted-average exchange rate of 0.986 maturing through November 2013 and to exchange £6.0 million for U.S. Dollars at an exchange rate of 1.623 maturing through December 2013.  The fair value of these contracts at April 6, 2013 was a net unrealized gain of $0.9 million.  We believe that these financial instruments should not subject us to undue risk due to foreign exchange movements, because gains and losses on these contracts should offset losses and gains on the assets, liabilities, and transactions being hedged.  We are exposed to credit-related losses if the counterparty to a financial instrument fails to perform its obligation.  However, we do not expect the counterparties, which presently have high credit ratings, to fail to meet their obligations.

Item 4.  Controls and Procedures

As required by Exchange Act Rule 13a-15(b), we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report.  Based upon this evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that both our disclosure controls and procedures and our internal controls and procedures are designed to provide and are effective in providing reasonable assurance in timely alerting them to material information required to be included in our periodic SEC filings and ensuring that information required to be disclosed by us in these periodic filings is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and that our internal controls are effective in ensuring that our financial statements are fairly presented in conformity with generally accepted accounting principles.

We have made changes to our internal controls and procedures over financial reporting to address the implementation of SAP, an enterprise resource planning ("ERP") system.  SAP will integrate our operational and financial systems and expand the functionality of our financial reporting processes.  We began the process of implementing SAP throughout The Jones Group Inc. and our consolidated subsidiaries during the fourth quarter of 2006.  During the first fiscal quarter of 2013, no additional businesses were converted to this system.  We have adequately controlled the transition to the new processes and controls, with no negative impact to our internal control environment.  We expect to continue the implementation of this system to all locations over a multi-year period.  As the phased implementation occurs, we will experience changes in internal control over financial reporting.  We expect this ERP system to further advance our control environment by automating manual processes, improving management visibility and standardizing processes as its full capabilities are utilized.

PART II.  OTHER INFORMATION

Item 1.  Legal Proceedings

We have been named as a defendant in various actions and proceedings arising from our ordinary business activities.  Although the amount of any liability that could arise with respect to these actions cannot be accurately predicted, in our opinion, any such liability will not have a material adverse financial effect on us.

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Item 2.  Issuer Purchase of Equity Securities

The following table sets forth the repurchases of our common stock for the fiscal quarter ended April 6, 2013.

Issuer Purchases of Equity Securities

Period	(a) Total Number of Shares (or Units) Purchased	(b) Average Price Paid per Share (or Unit)	(c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs	(d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
January 1, 2013 to February 2, 2013	-	-	-	$171,413,833
February 3, 2013 to March 2, 2013	175,000	$11.65	175,000	$169,406,978
March 3, 2013 to April 6, 2013	588,446	$11.92	588,446	$162,395,250
Total	763,446	$11.81	763,446	$162,395,250

The purchases were made under a program announced on September 6, 2007 for $500.0 million.  This program has no expiration date.  We also withheld 169,047 shares in February 2013 to cover withholding taxes on the vesting of employee restricted stock.

Item 5.  Other Information

STATEMENT REGARDING FORWARD-LOOKING DISCLOSURE

This Report includes, and incorporates by reference, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements regarding our 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 our 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 our 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 our products within the prevailing retail environment;

· customer acceptance of both new designs and newly-introduced product lines;

· our reliance on a few department store groups for large portions of our business;

· our 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 business into our existing organization and operations;

· consolidation of our retail customers;

· financial difficulties encountered by our customers;

· the effects of vigorous competition in the markets in which we operate;

· our ability to attract and retain qualified executives and other key personnel;

· our reliance on independent foreign manufacturers, including political instability in countries where contractors and suppliers are located;

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· changes in the costs of raw materials, labor, advertising and transportation, including the impact such changes may have on the pricing of our products and the resulting impact on consumer acceptance of our products at higher price points;

· our ability to successfully implement new operational and financial information systems;

· our ability to secure and protect trademarks and other intellectual property rights;

· the effects of extreme or unseasonable weather conditions; and

· our ability to implement our strategic initiatives to enhance profitability.

All statements other than statements of historical facts included in this Report, including, without limitation, the statements under "Management's Discussion and Analysis of Financial Condition and Results of Operations," are forward-looking statements.  Although we believe that the expectations reflected in such forward-looking statements are reasonable, such expectations may prove to be incorrect.  Important factors that could cause actual results to differ materially from our expectations ("Cautionary Statements") are disclosed in this Report in conjunction with the forward-looking statements.  All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the Cautionary Statements.  We do not undertake to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise.

Item 6.  Exhibits

    See Exhibit Index.

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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 thereunto duly authorized.

THE JONES GROUP INC.

(Registrant)

Date: May 3, 2013

By          /s/ Wesley R. Card

WESLEY R. CARD

Chief Executive Officer

By         /s/ John T. McClain

JOHN T. McCLAIN

Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.	Description of Exhibit
31*	Certifications of Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32♦	Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS*	XBRL Instance Document.
101.SCH*	XBRL Taxonomy Extension Schema.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase.
101.LAB*	XBRL Taxonomy Extension Label Linkbase.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase.

____________________

*Filed herewith.

♦ Furnished herewith.

- 38 -

EX-31

EXHIBIT 31

CERTIFICATIONS

I, Wesley R. Card, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of The Jones Group Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
		(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
		(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
		(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
		(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
		(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
		(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 3, 2013
 

/s/ Wesley R. Card
Wesley R. Card
Chief Executive Officer

I, John T. McClain, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of The Jones Group Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
		(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
		(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
		(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
		(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
		(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
		(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 3, 2013
 

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

EX-32

EXHIBIT 32

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

    I, Wesley R. Card, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of The Jones Group Inc. on Form 10-Q for the fiscal quarter ended April 6, 2013 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of The Jones Group Inc.

By: /s/ Wesley R. Card

Name: Wesley R. Card
Title: Chief Executive Officer

A signed original of this written statement required by Section 906 has been provided to The Jones Group Inc. and will be retained by Jones Apparel Group, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

    I, John T. McClain, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of The Jones Group Inc. on Form 10-Q for the fiscal quarter ended April 6, 2013 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of The Jones Group Inc.

By: /s/ John T. McClain

Name: John T. McClain
Title: Chief Financial Officer

A signed original of this written statement required by Section 906 has been provided to The Jones Group Inc. and will be retained by The Jones Group Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

XML

BASIS OF PRESENTATION (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
BASIS OF PRESENTATION [Abstract]
Distribution costs included in SG&A expenses	$ 25.8	$ 23.6

XML

PENSION PLANS (Details) (Pension Plans, Defined Benefit [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 0.6	$ 0.6
Expected return on plan assets	(0.8)	(0.7)
Amortization of net loss	0.3	0.6
Net periodic benefit cost	0.1	0.5
Employer contribution to defined benefit pension plan	0.7
Anticipated employer contributions in fiscal year	$ 5.1

XML

FAIR VALUES, Part III (Details) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013 Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 Canadian Dollar - U.S. Dollar Forward Contracts [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 British Pound - U.S. Dollar Forward Exchange Contracts [Member] Fair Value, Measurements, Nonrecurring [Member] GBP (£)	Apr. 06, 2013 Level 1 [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Level 1 [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 Significant Other Observable Inputs (Level 2) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Significant Other Observable Inputs (Level 2) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 Significant Unobservable Inputs (Level 3) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Significant Unobservable Inputs (Level 3) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 Carrying Value Disclosure [Member] Leasehold Improvements [Member] USD ($)	Apr. 06, 2013 Carrying Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Retail Property and Equipment [Member] USD ($)	Mar. 31, 2012 Carrying Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Retail Property and Equipment [Member] USD ($)	Apr. 06, 2013 Carrying Value Disclosure [Member] Level 1 [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Dec. 31, 2012 Carrying Value Disclosure [Member] Level 1 [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Carrying Value Disclosure [Member] Level 1 [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 Carrying Value Disclosure [Member] Significant Other Observable Inputs (Level 2) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Dec. 31, 2012 Carrying Value Disclosure [Member] Significant Other Observable Inputs (Level 2) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Carrying Value Disclosure [Member] Significant Other Observable Inputs (Level 2) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 Fair Value [Member] Leasehold Improvements [Member] USD ($)	Apr. 06, 2013 Fair Value [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Fair Value [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 Fair Value [Member] Fair Value, Measurements, Nonrecurring [Member] Retail Property and Equipment [Member] USD ($)	Mar. 31, 2012 Fair Value [Member] Fair Value, Measurements, Nonrecurring [Member] Retail Property and Equipment [Member] USD ($)	Apr. 06, 2013 Fair Value [Member] Level 1 [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Dec. 31, 2012 Fair Value [Member] Level 1 [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Fair Value [Member] Level 1 [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Apr. 06, 2013 Fair Value [Member] Significant Other Observable Inputs (Level 2) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Dec. 31, 2012 Fair Value [Member] Significant Other Observable Inputs (Level 2) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)	Mar. 31, 2012 Fair Value [Member] Significant Other Observable Inputs (Level 2) [Member] Fair Value, Measurements, Nonrecurring [Member] USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property and equipment, fair value disclosure					$ 0	$ 0	$ 0	$ 0	$ 0.8	$ 0	$ 0.4	$ 6.6	$ 0.4							$ 0	$ 0.8	$ 0	$ 0.8	$ 0
Senior Notes, including hedged items recorded at fair value														922.5	924.3	822.4									903.6	884.5	750.2
Other long-term debt, including current portion																	9.6	10.2	10.1									8.9	9.3	9.0
Note receivable from GRI																	0	0	10.0									0	0	10.0
Other notes receivable																	0	0	1.7									0	0	1.5
Notional amounts of foreign exchange contracts outstanding			12.1	6.0
Derivative, Average Forward Exchange Rate			0.986
Derivative, Forward Exchange Rate				1.623
Fair value loss on property and equipment utilized in retail operations	$ 6.2	$ 0.4

XML

SEGMENT INFORMATION (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
Segment Reporting Information [Line Items]
Number of reportable segments	6
Revenues	$ 1,008.7	$ 936.0
Segment income (loss)	16.9	40.2
Net interest expense	(16.1)	(42.7)
Equity in income of unconsolidated affiliate	0.6	0.9
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries	1.4	(1.6)
Licensing, Other and Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	10.8	12.3
Segment income (loss)	(11.8)	(0.6)
International Wholesale [Member]
Segment Reporting Information [Line Items]
Revenues	73.2	73.4
Segment income (loss)	5.6	9.9
International Retail [Member]
Segment Reporting Information [Line Items]
Revenues	84.3	77.9
Segment income (loss)	(8.2)	(4.9)
Domestic Wholesale Sportswear [Member]
Segment Reporting Information [Line Items]
Revenues	216.5	233.6
Segment income (loss)	10.2	23.2
Domestic Wholesale Jeanswear [Member]
Segment Reporting Information [Line Items]
Revenues	256.6	184.8
Segment income (loss)	34.2	16.6
Domestic Wholesale Footwear & Accessories [Member]
Segment Reporting Information [Line Items]
Revenues	241.2	225.9
Segment income (loss)	21.9	18.4
Domestic Retail [Member]
Segment Reporting Information [Line Items]
Revenues	126.1	128.1
Segment income (loss)	$ (35.0)	$ (22.4)

XML

FAIR VALUES Part I (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Millions, unless otherwise specified	Apr. 06, 2013	Dec. 31, 2012	Mar. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Total assets	$ 9.0	$ 8.6	$ 14.5
Total liabilities	32.3	44.9	655.7
Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Total assets	8.1	8.4	8.5
Total liabilities	8.3	8.6	8.7
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Total assets	0.9	0.2	6.0
Total liabilities	0	0	414.3
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Total assets	0	0	0
Total liabilities	24.0	36.3	232.7
Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Rabbi Trust assets	8.1	8.4	8.5
Prepaid Expenses and Other Current Assets [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Rabbi Trust assets	8.1	8.4	8.5
Accrued Employee Compensation and Benefits [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Rabbi Trust liabilities	8.1	8.4	8.5
Accrued Employee Compensation and Benefits [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Rabbi Trust liabilities	8.1	8.4	8.5
Current Portion of Acquisition Consideration Payable [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Acquisition consideration	20.8	30.3	226.9
Current Portion of Acquisition Consideration Payable [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Acquisition consideration	20.8	30.3	226.9
Accrued Expenses and Other Current Liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Deferred director fees	0.2	0.2	0.2
Accrued Expenses and Other Current Liabilities [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Deferred director fees	0.2	0.2	0.2
Long-term Debt [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
5.125% Senior Notes due 2014			262.6
Long-term Debt [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
5.125% Senior Notes due 2014			262.6
Acquisition Consideration Payable, Net of Current Portion [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Acquisition consideration	3.2	6.0	5.8
Acquisition Consideration Payable, Net of Current Portion [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Acquisition consideration	3.2	6.0	5.8
British Pound - U.S. Dollar Forward Exchange Contracts [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Asset	0.5	0
British Pound - U.S. Dollar Forward Exchange Contracts [Member] | Prepaid Expenses and Other Current Assets [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Asset	0.5	0
Interest Rate Swaps [Member] | Other Long-term Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Asset			5.9
Interest Rate Swaps [Member] | Other Long-term Assets [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Asset			5.9
Interest Rate Swaps [Member] | Other long-term liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Liability			0.3
Interest Rate Swaps [Member] | Other long-term liabilities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Liability			0.3
Interest Rate Cap [Member] | Other Long-term Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Asset	0	0	0.1
Interest Rate Cap [Member] | Other Long-term Assets [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Asset	0	0	0.1
Canadian Dollar - U.S. Dollar Forward Contracts [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Asset	0.4	0.2
Canadian Dollar - U.S. Dollar Forward Contracts [Member] | Prepaid Expenses and Other Current Assets [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Asset	0.4	0.2
Canadian Dollar - U.S. Dollar Forward Contracts [Member] | Accrued Expenses and Other Current Liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Liability			0.1
Canadian Dollar - U.S. Dollar Forward Contracts [Member] | Accrued Expenses and Other Current Liabilities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Liability			0.1
Hedged Portion of 6.875% Senior Notes Due 2019 [Member] | Long-term Debt [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Liability			151.3
Hedged Portion of 6.875% Senior Notes Due 2019 [Member] | Long-term Debt [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Derivative Liability			$ 151.3

XML

DERIVATIVES (Tables)

3 Months Ended

Apr. 06, 2013

DERIVATIVES [Abstract]

Change in Interest Expense Related to Derivatives

We recorded net increases in interest expense related to the ineffectiveness of the swaps and the changes in the fair value of the cap as follows.

(In millions)	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
Interest rate swaps		$	-		$	1.5
Interest rate cap			-			0.1
Net increase in interest expense		$	-		$	1.6

Notional Amounts of Foreign Exchange Contracts Outstanding

The notional amounts of our foreign exchange contracts outstanding at April 6, 2013, March 31, 2012 and December 31, 2012 are as follows.  For additional information, see "Fair Values."

(In millions)	Notional Amounts
	April 6, 2013			March 31, 2012		December 31, 2012
Canadian Dollar – U.S. Dollar forward exchange contracts	US$12.1			US$15.2		US$16.1
British Pound – U.S. Dollar forward exchange contracts		£	6.0		-		£	6.0

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

(In millions)	April 6, 2013			March 31, 2012			December 31, 2012
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate swap contracts		$	-	Other long-term assets	$	5.9		$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.4			-	Prepaid expenses and other current assets		0.2
Total derivative assets		$	0.4		$	5.9		$	0.2
Interest rate swap contracts				Other long-term liabilities	$	0.3
Foreign exchange contracts				Accrued expenses and other current liabilities		0.1
Total derivative liabilities					$	0.4
Derivatives not designated as hedging instruments
Interest rate cap contract	Other long-term assets	$	-	Other long-term assets	$	0.1	Other long-term assets	$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.5			-			-
Total derivative assets		$	0.5		$	0.1		$	-

Effect of Derivatives on the Statement of Operations

Effect of Derivatives on the Statement of Operations - Derivatives Designated as Hedging Instruments

(In millions)		Amount of Pretax (Loss) due to Ineffectiveness Recognized in Income
Derivative type	Location of Pretax (Loss) due to Ineffectiveness Recognized in Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Interest rate swap contracts	Interest expense		$	-		$	(1.5	)

(In millions)	Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income								Amount of Pretax Gain (Loss) Reclassified from Other Comprehensive Income into Income
Derivative type	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012				Location of Pretax (Loss) Reclassified from Other Comprehensive Income into Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Canadian Dollar – U.S. Dollar forward contracts		$	0.2		$	(0.1	)	Cost of sales		$	0.1		$	-

Effect of Derivatives on the Statement of Operations - Derivatives Not Designated as Hedging Instruments

(In millions)		Amount of Pretax Gain (Loss) Recognized in Income
Derivative type	Location of Pretax Gain (Loss) Recognized in Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Interest rate cap contract	Interest expense		$	-		$	(0.1	)
British Pound – U.S. Dollar forward contracts	Selling, general and administrative expenses			0.5			-

XML

SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 44.7	$ 147.1
Accounts receivable	446.2	458.6	381.0
Inventories	498.3	473.0	486.7
Prepaid and refundable income taxes	3.9	0	5.5
Deferred taxes	36.2	34.6	33.2
Prepaid expenses and other current assets	47.4		40.7
Total current assets	1,076.7	1,167.9	1,096.7
Property, plant and equipment	265.6	273.0	278.1
Due from affiliates	0		0
Goodwill	212.5	258.5	215.3	255.3
Other intangibles	854.8	900.9	869.7
Deferred taxes	0		0
Investments in subsidiaries	41.8	36.2	38.9
Other assets	92.7	98.7	96.8
Total assets	2,544.1	2,735.2	2,595.5
CURRENT LIABILITIES:
Short-term borrowings	64.5	0	0
Current portion of long-term debt and capital lease obligations	2.2	2.1	2.2
Current portion of acquisition consideration payable	20.8	228.3	30.3
Accounts payable	208.2	244.7	257.5
Income taxes payable	0	11.5	1.4
Accrued expenses and other current liabilities	127.6		160.8
Total current liabilities	423.3	611.9	452.2
Long-term debt	932.0	832.4	934.4
Obligations under capital leases	20.7	22.8	21.3
Deferred taxes	61.6	74.9	56.7
Income taxes payable	0.5	0.5	0.5
Acquisition consideration payable	3.2	5.8	6.0
Due to affiliates	0		0
Other	113.5	93.1	118.1
Total liabilities	1,554.8	1,641.4	1,589.2
Redeemable noncontrolling interest	0.6	0	0.6
EQUITY:
Common stock and additional paid-in capital	522.1		521.6
Retained earnings	492.3	586.2	501.1
Accumulated other comprehensive (loss) income	(26.8)	(20.3)	(17.9)	(29.6)
Total Jones stockholders' equity	987.6	1,093.6	1,004.8
Noncontrolling interests	1.1	0.2	0.9
Total equity	988.7	1,093.8	1,005.7	1,089.4
Total liabilities and equity	2,544.1	2,735.2	2,595.5
Condensed Consolidating Statements of Operations [Abstract]
Net sales	997.6	923.4
Licensing income	10.8	12.3
Other revenues	0.3	0.3
Total revenues	1,008.7	936.0
Cost of goods sold	660.3	592.5
Gross profit	348.4	343.5
Selling, general and administrative expenses	331.5	303.3
Operating (loss) income	16.9	40.2
Net interest expense (income) and financing costs	16.1	42.7
Equity in income of unconsolidated affiliate	0.6	0.9
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries	1.4	(1.6)
(Benefit) provision for income taxes	0.5	(0.6)
Equity in earnings of subsidiaries	0	0
Net income (loss)	0.9	(1.0)
Less: income attributable to noncontrolling interest	0.4	0.2
Income (loss) attributable to Jones	0.5	(1.2)
Condensed Consolidating Statements of Other Comprehensive Income [Abstract]
Net income (loss)	0.9	(1.0)
Other comprehensive (loss) income:
Change in fair value of cash flow hedges, net of tax	0.2	(0.1)
Reclassification adjustment for hedge gains and losses included in net income, net of tax	(0.1)	0
Pension and postretirement liability adjustments, net of tax	0.2	0
Foreign currency translation adjustments	(9.2)	9.4
Total other comprehensive (loss) income	(8.9)	9.3
Comprehensive (loss) income	(8.0)	8.3
Condensed Consolidating Statements Of Cash Flows [Abstract]
Net cash (used in) provided by operating activities	(136.7)	(59.8)
Cash flows from investing activities:
Capital expenditures	(16.3)	(18.2)
Other	(0.2)	(0.2)
Net cash used in investing activities	(16.5)	(18.4)
Cash flows from financing activities:
Net increase in short-term borrowings	64.5	0
Dividends paid	(4.0)	(4.0)
Repurchases of common stock	(9.0)	(8.9)
Payments of acquisition consideration payable	(2.5)	(2.0)
Other items, net	(0.7)	1.5
Net cash provided by (used in) financing activities	48.3	(13.4)
Effect of exchange rates on cash	0	(0.1)
Net (decrease) increase in cash and cash equivalents	(104.9)	(91.7)
CASH AND CASH EQUIVALENTS, BEGINNING	149.6	238.8
CASH AND CASH EQUIVALENTS, ENDING	44.7	147.1
Eliminations [Member]
CURRENT ASSETS:
Cash and cash equivalents	0	0
Accounts receivable	0		0
Inventories	(1.0)		(1.2)
Prepaid and refundable income taxes	(5.5)		(13.4)
Deferred taxes	0		0
Prepaid expenses and other current assets	(1.0)		(1.1)
Total current assets	(7.5)		(15.7)
Property, plant and equipment	0		0
Due from affiliates	(393.8)		(319.0)
Goodwill	0		0
Other intangibles	0		0
Deferred taxes	(91.7)		(93.0)
Investments in subsidiaries	(1,805.3)		(1,745.6)
Other assets	0		0
Total assets	(2,298.3)		(2,173.3)
CURRENT LIABILITIES:
Short-term borrowings	0		0
Current portion of long-term debt and capital lease obligations	0		0
Current portion of acquisition consideration payable	0		0
Accounts payable	0		0
Income taxes payable	(25.7)		(33.6)
Accrued expenses and other current liabilities	(1.0)		(1.1)
Total current liabilities	(26.7)		(34.7)
Long-term debt	0		0
Obligations under capital leases	0		0
Deferred taxes	(97.7)		(99.0)
Income taxes payable	0		0
Acquisition consideration payable	0		0
Due to affiliates	(393.8)		(319.0)
Other	0		0
Total liabilities	(518.2)		(452.7)
Redeemable noncontrolling interest	0		0
EQUITY:
Common stock and additional paid-in capital	(929.7)		(948.0)
Retained earnings	(856.4)		(769.8)
Accumulated other comprehensive (loss) income	6.0		(2.8)
Total Jones stockholders' equity	(1,780.1)		(1,720.6)
Noncontrolling interests	0		0
Total equity	(1,780.1)		(1,720.6)
Total liabilities and equity	(2,298.3)		(2,173.3)
Condensed Consolidating Statements of Operations [Abstract]
Net sales	(5.0)	(6.8)
Licensing income	0	0
Other revenues	0	0
Total revenues	(5.0)	(6.8)
Cost of goods sold	(3.0)	(3.7)
Gross profit	(2.0)	(3.1)
Selling, general and administrative expenses	(2.3)	(2.2)
Operating (loss) income	0.3	(0.9)
Net interest expense (income) and financing costs	0	0
Equity in income of unconsolidated affiliate	0	0
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries	0.3	(0.9)
(Benefit) provision for income taxes	0.1	(0.4)
Equity in earnings of subsidiaries	(33.9)	(39.9)
Net income (loss)	(33.7)	(40.4)
Less: income attributable to noncontrolling interest	0	0
Income (loss) attributable to Jones	(33.7)	(40.4)
Condensed Consolidating Statements of Other Comprehensive Income [Abstract]
Net income (loss)	(33.7)	(40.4)
Other comprehensive (loss) income:
Change in fair value of cash flow hedges, net of tax	(0.2)	0.1
Reclassification adjustment for hedge gains and losses included in net income, net of tax	0.1	0
Pension and postretirement liability adjustments, net of tax	0	0
Foreign currency translation adjustments	9.2	(9.4)
Total other comprehensive (loss) income	9.1	(9.3)
Comprehensive (loss) income	(24.6)	(49.7)
Condensed Consolidating Statements Of Cash Flows [Abstract]
Net cash (used in) provided by operating activities	0	(2.8)
Cash flows from investing activities:
Capital expenditures	0	0
Other	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Net increase in short-term borrowings	0	0
Dividends paid	0	2.8
Repurchases of common stock	0	0
Payments of acquisition consideration payable	0	0
Other items, net	0	0
Net cash provided by (used in) financing activities	0	2.8
Effect of exchange rates on cash	0	0
Net (decrease) increase in cash and cash equivalents	0	0
CASH AND CASH EQUIVALENTS, BEGINNING	0	0
CASH AND CASH EQUIVALENTS, ENDING	0	0
Issuers [Member]
CURRENT ASSETS:
Cash and cash equivalents	10.8	113.2
Accounts receivable	237.3		191.0
Inventories	284.9		261.7
Prepaid and refundable income taxes	8.8		18.6
Deferred taxes	23.3		17.9
Prepaid expenses and other current assets	25.6		23.6
Total current assets	590.7		595.4
Property, plant and equipment	59.1		64.6
Due from affiliates	0		0
Goodwill	49.9		49.9
Other intangibles	5.8		6.0
Deferred taxes	91.7		93.0
Investments in subsidiaries	1,805.3		1,745.6
Other assets	65.9		67.7
Total assets	2,668.4		2,622.2
CURRENT LIABILITIES:
Short-term borrowings	64.5		0
Current portion of long-term debt and capital lease obligations	0		0
Current portion of acquisition consideration payable	20.8		30.3
Accounts payable	124.3		156.2
Income taxes payable	10.7		22.1
Accrued expenses and other current liabilities	65.0		79.1
Total current liabilities	285.3		287.7
Long-term debt	932.0		934.4
Obligations under capital leases	0		0
Deferred taxes	0		0
Income taxes payable	0.5		0.5
Acquisition consideration payable	3.2		6.0
Due to affiliates	393.8		319.0
Other	89.5		93.1
Total liabilities	1,704.3		1,640.7
Redeemable noncontrolling interest	0		0
EQUITY:
Common stock and additional paid-in capital	522.1		521.6
Retained earnings	468.8		477.8
Accumulated other comprehensive (loss) income	(26.8)		(17.9)
Total Jones stockholders' equity	964.1		981.5
Noncontrolling interests	0		0
Total equity	964.1		981.5
Total liabilities and equity	2,668.4		2,622.2
Condensed Consolidating Statements of Operations [Abstract]
Net sales	577.8	570.6
Licensing income	0.1	0
Other revenues	0.3	0.3
Total revenues	578.2	570.9
Cost of goods sold	389.6	377.3
Gross profit	188.6	193.6
Selling, general and administrative expenses	227.6	206.7
Operating (loss) income	(39.0)	(13.1)
Net interest expense (income) and financing costs	14.8	43.2
Equity in income of unconsolidated affiliate	0	0
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries	(53.8)	(56.3)
(Benefit) provision for income taxes	(20.2)	(15.9)
Equity in earnings of subsidiaries	33.9	39.9
Net income (loss)	0.3	(0.5)
Less: income attributable to noncontrolling interest	0	0
Income (loss) attributable to Jones	0.3	(0.5)
Condensed Consolidating Statements of Other Comprehensive Income [Abstract]
Net income (loss)	0.3	(0.5)
Other comprehensive (loss) income:
Change in fair value of cash flow hedges, net of tax	0.2	(0.1)
Reclassification adjustment for hedge gains and losses included in net income, net of tax	(0.1)	0
Pension and postretirement liability adjustments, net of tax	0.2	0
Foreign currency translation adjustments	(9.2)	9.4
Total other comprehensive (loss) income	(8.9)	9.3
Comprehensive (loss) income	(8.6)	8.8
Condensed Consolidating Statements Of Cash Flows [Abstract]
Net cash (used in) provided by operating activities	(116.7)	(67.9)
Cash flows from investing activities:
Capital expenditures	(3.9)	(3.9)
Other	(0.2)	0
Net cash used in investing activities	(4.1)	(3.9)
Cash flows from financing activities:
Net increase in short-term borrowings	64.5	0
Dividends paid	(4.0)	(4.0)
Repurchases of common stock	(9.0)	(8.9)
Payments of acquisition consideration payable	(2.5)	0
Other items, net	0	2.1
Net cash provided by (used in) financing activities	49.0	(10.8)
Effect of exchange rates on cash	0	0
Net (decrease) increase in cash and cash equivalents	(71.8)	(82.6)
CASH AND CASH EQUIVALENTS, BEGINNING	82.6	195.8
CASH AND CASH EQUIVALENTS, ENDING	10.8	113.2
Others [Member]
CURRENT ASSETS:
Cash and cash equivalents	33.9	33.9
Accounts receivable	208.9		190.0
Inventories	214.4		226.2
Prepaid and refundable income taxes	0.6		0.3
Deferred taxes	12.9		15.3
Prepaid expenses and other current assets	22.8		18.2
Total current assets	493.5		517.0
Property, plant and equipment	206.5		213.5
Due from affiliates	393.8		319.0
Goodwill	162.6		165.4
Other intangibles	849.0		863.7
Deferred taxes	0		0
Investments in subsidiaries	41.8		38.9
Other assets	26.8		29.1
Total assets	2,174.0		2,146.6
CURRENT LIABILITIES:
Short-term borrowings	0		0
Current portion of long-term debt and capital lease obligations	2.2		2.2
Current portion of acquisition consideration payable	0		0
Accounts payable	83.9		101.3
Income taxes payable	15.0		12.9
Accrued expenses and other current liabilities	63.6		82.8
Total current liabilities	164.7		199.2
Long-term debt	0		0
Obligations under capital leases	20.7		21.3
Deferred taxes	159.3		155.7
Income taxes payable	0		0
Acquisition consideration payable	0		0
Due to affiliates	0		0
Other	24.0		25.0
Total liabilities	368.7		401.2
Redeemable noncontrolling interest	0.6		0.6
EQUITY:
Common stock and additional paid-in capital	929.7		948.0
Retained earnings	879.9		793.1
Accumulated other comprehensive (loss) income	(6.0)		2.8
Total Jones stockholders' equity	1,803.6		1,743.9
Noncontrolling interests	1.1		0.9
Total equity	1,804.7		1,744.8
Total liabilities and equity	2,174.0		2,146.6
Condensed Consolidating Statements of Operations [Abstract]
Net sales	424.8	359.6
Licensing income	10.7	12.3
Other revenues	0	0
Total revenues	435.5	371.9
Cost of goods sold	273.7	218.9
Gross profit	161.8	153.0
Selling, general and administrative expenses	106.2	98.8
Operating (loss) income	55.6	54.2
Net interest expense (income) and financing costs	1.3	(0.5)
Equity in income of unconsolidated affiliate	0.6	0.9
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries	54.9	55.6
(Benefit) provision for income taxes	20.6	15.7
Equity in earnings of subsidiaries	0	0
Net income (loss)	34.3	39.9
Less: income attributable to noncontrolling interest	0.4	0.2
Income (loss) attributable to Jones	33.9	39.7
Condensed Consolidating Statements of Other Comprehensive Income [Abstract]
Net income (loss)	34.3	39.9
Other comprehensive (loss) income:
Change in fair value of cash flow hedges, net of tax	0.2	(0.1)
Reclassification adjustment for hedge gains and losses included in net income, net of tax	(0.1)	0
Pension and postretirement liability adjustments, net of tax	0	0
Foreign currency translation adjustments	(9.2)	9.4
Total other comprehensive (loss) income	(9.1)	9.3
Comprehensive (loss) income	25.2	49.2
Condensed Consolidating Statements Of Cash Flows [Abstract]
Net cash (used in) provided by operating activities	(20.0)	10.9
Cash flows from investing activities:
Capital expenditures	(12.4)	(14.3)
Other	0	(0.2)
Net cash used in investing activities	(12.4)	(14.5)
Cash flows from financing activities:
Net increase in short-term borrowings	0	0
Dividends paid	0	(2.8)
Repurchases of common stock	0	0
Payments of acquisition consideration payable	0	(2.0)
Other items, net	(0.7)	(0.6)
Net cash provided by (used in) financing activities	(0.7)	(5.4)
Effect of exchange rates on cash	0	(0.1)
Net (decrease) increase in cash and cash equivalents	(33.1)	(9.1)
CASH AND CASH EQUIVALENTS, BEGINNING	67.0	43.0
CASH AND CASH EQUIVALENTS, ENDING	$ 33.9	$ 33.9

XML

SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION

3 Months Ended

Apr. 06, 2013

SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION [Abstract]

SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION

SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION

Certain of our subsidiaries function as co-issuers (fully and unconditionally guaranteed on a joint and several basis) of the outstanding debt of The Jones Group Inc. ("Jones"), including Jones Apparel Group, USA, Inc. ("Jones USA"), Jones Apparel Group Holdings, Inc. ("Jones Holdings") and JAG Footwear, Accessories and Retail Corporation ("JAG Footwear").

The following condensed consolidating balance sheets, statements of operations, statements of consolidated comprehensive income and statements of cash flows for the "Issuers" (consisting of Jones and Jones USA, Jones Holdings, JAG Footwear, which are all our subsidiaries that act as co-issuers and co-obligors) and the "Others" (consisting of all of our other subsidiaries, excluding all obligor subsidiaries) have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information.  Separate financial statements and other disclosures concerning Jones are not presented as Jones has no independent operations or assets.  There are no contractual restrictions on distributions from Jones USA, Jones Holdings or JAG Footwear to Jones.

Condensed Consolidating Balance Sheets

(In millions)

	April 6, 2013												December 31, 2012
	Issuers			Others			Elim- inations			Cons- olidated			Issuers			Others		Elim- inations			Cons- olidated
ASSETS
Current assets:
Cash and cash equivalents	$	10.8		$	33.9		$	-		$	44.7		$	82.6		$	67.0	$	-		$	149.6
Accounts receivable		237.3			208.9			-			446.2			191.0			190.0		-			381.0
Inventories		284.9			214.4			(1.0	)		498.3			261.7			226.2		(1.2	)		486.7
Prepaid and refundable income taxes		8.8			0.6			(5.5	)		3.9			18.6			0.3		(13.4	)		5.5
Deferred taxes		23.3			12.9			-			36.2			17.9			15.3		-			33.2
Prepaid expenses and other current assets		25.6			22.8			(1.0	)		47.4			23.6			18.2		(1.1	)		40.7
Total current assets		590.7			493.5			(7.5	)		1,076.7			595.4			517.0		(15.7	)		1,096.7
Property, plant and equipment		59.1			206.5			-			265.6			64.6			213.5		-			278.1
Due from affiliates		-			393.8			(393.8	)		-			-			319.0		(319.0	)		-
Goodwill		49.9			162.6			-			212.5			49.9			165.4		-			215.3
Other intangibles		5.8			849.0			-			854.8			6.0			863.7		-			869.7
Deferred taxes		91.7			-			(91.7	)		-			93.0			-		(93.0	)		-
Investments in subsidiaries		1,805.3			41.8			(1,805.3	)		41.8			1,745.6			38.9		(1,745.6	)		38.9
Other assets		65.9			26.8			-			92.7			67.7			29.1		-			96.8
Total assets	$	2,668.4		$	2,174.0		$	(2,298.3	)	$	2,544.1		$	2,622.2		$	2,146.6	$	(2,173.3	)	$	2,595.5
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings	$	64.5		$	-		$	-		$	64.5		$	-		$	-	$	-		$	-
Current portion of long-term debt and capital lease obligations		-			2.2			-			2.2			-			2.2		-			2.2
Current portion of acquisition consideration payable		20.8			-			-			20.8			30.3			-		-			30.3
Accounts payable		124.3			83.9			-			208.2			156.2			101.3		-			257.5
Income taxes payable		10.7			15.0			(25.7	)		-			22.1			12.9		(33.6	)		1.4
Accrued expenses and other current liabilities		65.0			63.6			(1.0	)		127.6			79.1			82.8		(1.1	)		160.8
Total current liabilities		285.3			164.7			(26.7	)		423.3			287.7			199.2		(34.7	)		452.2
Long-term debt		932.0			-			-			932.0			934.4			-		-			934.4
Obligations under capital leases		-			20.7			-			20.7			-			21.3		-			21.3
Income taxes payable		0.5			-			-			0.5			0.5			-		-			0.5
Deferred taxes		-			159.3			(97.7	)		61.6			-			155.7		(99.0	)		56.7
Acquisition consideration payable		3.2			-			-			3.2			6.0			-		-			6.0
Due to affiliates		393.8			-			(393.8	)		-			319.0			-		(319.0	)		-
Other		89.5			24.0			-			113.5			93.1			25.0		-			118.1
Total liabilities		1,704.3			368.7			(518.2	)		1,554.8			1,640.7			401.2		(452.7	)		1,589.2
Redeemable noncontrolling interest		-			0.6			-			0.6			-			0.6		-			0.6
Equity:
Common stock and additional paid-in capital		522.1			929.7			(929.7	)		522.1			521.6			948.0		(948.0	)		521.6
Retained earnings		468.8			879.9			(856.4	)		492.3			477.8			793.1		(769.8	)		501.1
Accumulated other comprehensive  (loss) income		(26.8	)		(6.0	)		6.0			(26.8	)		(17.9	)		2.8		(2.8	)		(17.9	)
Total Jones stockholders' equity		964.1			1,803.6			(1,780.1	)		987.6			981.5			1,743.9		(1,720.6	)		1,004.8
Noncontrolling interests		-			1.1			-			1.1			-			0.9		-			0.9
Total equity		964.1			1,804.7			(1,780.1	)		988.7			981.5			1,744.8		(1,720.6	)		1,005.7
Total liabilities and equity	$	2,668.4		$	2,174.0		$	(2,298.3	)	$	2,544.1		$	2,622.2		$	2,146.6	$	(2,173.3	)	$	2,595.5

Condensed Consolidating Statements of Operations

(In millions)

	Fiscal Quarter Ended April 6, 2013										Fiscal Quarter Ended March 31, 2012
	Issuers			Others		Elim- inations			Cons- olidated		Issuers			Others			Elim- inations			Cons- olidated
Net sales	$	577.8		$	424.8	$	(5.0	)	$	997.6	$	570.6		$	359.6		$	(6.8	)	$	923.4
Licensing income		0.1			10.7		-			10.8		-			12.3			-			12.3
Other revenues		0.3			-		-			0.3		0.3			-			-			0.3
Total revenues		578.2			435.5		(5.0	)		1,008.7		570.9			371.9			(6.8	)		936.0
Cost of goods sold		389.6			273.7		(3.0	)		660.3		377.3			218.9			(3.7	)		592.5
Gross profit		188.6			161.8		(2.0	)		348.4		193.6			153.0			(3.1	)		343.5
Selling, general and administrative expenses		227.6			106.2		(2.3	)		331.5		206.7			98.8			(2.2	)		303.3
Operating (loss) income		(39.0	)		55.6		0.3			16.9		(13.1	)		54.2			(0.9	)		40.2
Net interest expense (income) and financing costs		14.8			1.3		-			16.1		43.2			(0.5	)		-			42.7
Equity in income of unconsolidated affiliate		-			0.6		-			0.6		-			0.9			-			0.9
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries		(53.8	)		54.9		0.3			1.4		(56.3	)		55.6			(0.9	)		(1.6	)
(Benefit) provision for income taxes		(20.2	)		20.6		0.1			0.5		(15.9	)		15.7			(0.4	)		(0.6	)
Equity in earnings of subsidiaries		33.9			-		(33.9	)		-		39.9			-			(39.9	)		-
Net income (loss)		0.3			34.3		(33.7	)		0.9		(0.5	)		39.9			(40.4	)		(1.0	)
Less: income attributable to  noncontrolling interest		-			0.4		-			0.4		-			0.2			-			0.2
Income (loss) attributable to Jones	$	0.3		$	33.9	$	(33.7	)	$	0.5	$	(0.5	)	$	39.7		$	(40.4	)	$	(1.2	)

Condensed Consolidating Statements of Other Comprehensive (Loss) Income

(In millions)

	Fiscal Quarter Ended April 6, 2013												Fiscal Quarter Ended March 31, 2012
	Issuers			Others			Elim- inations			Cons- olidated			Issuers			Others			Elim- inations			Cons- olidated
Net (loss) income	$	0.3		$	34.3		$	(33.7	)	$	0.9		$	(0.5	)	$	39.9		$	(40.4	)	$	(1.0	)
Other comprehensive (loss) income:
Pension and postretirement liability adjustments, net of tax		0.2			-			-			0.2			-			-			-			-
Change in fair value of cash flow hedges, net of tax		0.2			0.2			(0.2	)		0.2			(0.1	)		(0.1	)		0.1			(0.1	)
Reclassification adjustment for hedge gains and losses included in net income, net of tax		(0.1	)		(0.1	)		0.1			(0.1	)		-			-			-			-
Foreign currency translation adjustments		(9.2	)		(9.2	)		9.2			(9.2	)		9.4			9.4			(9.4	)		9.4
Total other comprehensive (loss) income		(8.9	)		(9.1	)		9.1			(8.9	)		9.3			9.3			(9.3	)		9.3
Comprehensive (loss) income	$	(8.6	)	$	25.2		$	(24.6	)	$	(8.0	)	$	8.8		$	49.2		$	(49.7	)	$	8.3

Condensed Consolidating Statements of Cash Flows

(In millions)

	Fiscal Quarter Ended April 6, 2013											Fiscal Quarter Ended March 31, 2012
	Issuers			Others			Elim- inations		Cons- olidated			Issuers			Others			Elim- inations			Cons- olidated
Net cash (used in) provided by operating activities	$	(116.7	)	$	(20.0	)	$	-	$	(136.7	)	$	(67.9	)	$	10.9		$	(2.8	)	$	(59.8	)
Cash flows from investing activities:
Capital expenditures		(3.9	)		(12.4	)		-		(16.3	)		(3.9	)		(14.3	)		-			(18.2	)
Other		(0.2	)		-			-		(0.2	)		-			(0.2	)		-			(0.2	)
Net cash used in investing activities		(4.1	)		(12.4	)		-		(16.5	)		(3.9	)		(14.5	)		-			(18.4	)
Cash flows from financing activities:
Net increase in short-term borrowings		64.5			-			-		64.5			-			-			-			-
Dividends paid		(4.0	)		-			-		(4.0	)		(4.0	)		(2.8	)		2.8			(4.0	)
Repurchase of common shares		(9.0	)		-			-		(9.0	)		(8.9	)		-			-			(8.9	)
Payments of acquisition consideration payable		(2.5	)		-			-		(2.5	)		-			(2.0	)		-			(2.0	)
Other items, net		-			(0.7	)		-		(0.7	)		2.1			(0.6	)		-			1.5
Net cash provided by (used in) financing activities		49.0			(0.7	)		-		48.3			(10.8	)		(5.4	)		2.8			(13.4	)
Effect of exchange rates on cash		-			-			-		-			-			(0.1	)		-			(0.1	)
Net decrease in cash and cash equivalents		(71.8	)		(33.1	)		-		(104.9	)		(82.6	)		(9.1	)		-			(91.7	)
Cash and cash equivalents, beginning		82.6			67.0			-		149.6			195.8			43.0			-			238.8
Cash and cash equivalents, ending	$	10.8		$	33.9		$	-	$	44.7		$	113.2		$	33.9		$	-		$	147.1

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LONG-TERM DEBT (Details) (Additional Senior Notes due 2019 [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Sep. 25, 2012
Additional Senior Notes due 2019 [Member]
Debt Instrument [Line Items]
Senior Notes due 2019		$ 100
Senior Notes due 2019, stated rate (in hundredths)		6.875%
Proceeds from Issuance of Long-term Debt	100.9
Bond premium		$ 3.5

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EQUITY METHOD INVESTMENTS (Details) (GRI [Member], USD $) In Millions, unless otherwise specified	Jun. 21, 2012	Jun. 24, 2009	Jun. 20, 2008
GRI [Member]
Equity Method Investments
Initial Ownership Percentage (in hundredths)			10.00%
Initial Cost			$ 20.2
Equity Method Investment, Ownership Percentage		25.00%
Additional Investment Cost	$ 3.5	$ 15.2
Contingent additional cash payment percentage of net income over threshold (in hundredths)		60.00%

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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Apr. 06, 2013

ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]

Changes in accumulated other comprehensive (loss) income by component

Changes in Accumulated Other Comprehensive (Loss) Income by Component

(In millions)	Gains (Losses) on Cash Flow Hedges			Defined Benefit Pension Items			Foreign Currency Translation			Total
Balance, January 1, 2012	$	-		$	(23.5	)	$	(6.1	)	$	(29.6	)
Other comprehensive (loss) income before reclassifications		(0.1	)		(0.4	)		9.4			8.9
Amounts reclassified from accumulated other comprehensive (loss) income		-			0.4			-			0.4
Net comprehensive (loss) income		(0.1	)		-			9.4			9.3
Balance, March 31, 2012	$	(0.1	)	$	(23.5	)	$	3.3		$	(20.3	)
Balance, January 1, 2013	$	0.1		$	(23.6	)	$	5.6		$	(17.9	)
Other comprehensive (loss) income before reclassifications		0.2			-			(9.2	)		(9.0	)
Amounts reclassified from accumulated other comprehensive (loss) income		(0.1	)		0.2			-			0.1
Net comprehensive (loss) income		0.1			0.2			(9.2	)		(8.9	)
Balance, April 6, 2013	$	0.2		$	(23.4	)	$	(3.6	)	$	(26.8	)

Reclassifications out of accumulated other comprehensive (loss) income

Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

(In millions)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income
	For the Fiscal Quarter Ended April 6, 2013			For the Fiscal Quarter Ended March 31, 2012			Line Item in the Statement of Operations
(Gains) losses on cash flow hedges
Foreign exchange contracts	$	(0.1	)	$	-		Cost of goods sold
Tax benefit		-			-		Provision (benefit) for income taxes
Total, net of tax	$	(0.1	)	$	-
Amortization of defined benefit pension items
Actuarial (gains) losses	$	0.3		$	0.6		Selling, general and administrative expenses
Tax benefit		(0.1	)		(0.2	)	Provision (benefit) for income taxes
Total, net of tax	$	0.2		$	0.4

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DERIVATIVES, Part II (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
Interest Rate Swap Contracts [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Pretax (Loss) due to Ineffectiveness Recognized in Income	$ 0	$ (1.5)
Interest Rate Cap Contract [Member] | Not Designated as Hedging Instrument [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Pretax Gain (Loss) Recognized in Income	0	(0.1)
Canadian Dollar U.S. Dollar Forward Contracts [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income	0.2	(0.1)
Canadian Dollar U.S. Dollar Forward Contracts [Member] | Designated as Hedging Instrument [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, (Loss) Gain Reclassified from Accumulated OCI into Income	0.1	0
British Pound US Dollar Forward Contracts [Member] | Not Designated as Hedging Instrument [Member] | Selling, General and Administrative Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Pretax Gain (Loss) Recognized in Income	$ 0.5	$ 0

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FAIR VALUES, Part II (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended	3 Months Ended
	Apr. 15, 2013	Apr. 06, 2013		Mar. 31, 2012
Moda Nicola International, LLC [Member] | Discounted Projection of Financial Results [Member]
Quantitative Information About Level 3 Measurements [Abstract]
Gross margin multiplier		1.44
Discount rate (in hundredths)		12.00%
Moda Nicola International, LLC [Member] | Discounted Projection of Financial Results [Member] | Minimum [Member]
Quantitative Information About Level 3 Measurements [Abstract]
Net sales growth (in hundredths)		7.00%
Moda Nicola International, LLC [Member] | Discounted Projection of Financial Results [Member] | Maximum [Member]
Quantitative Information About Level 3 Measurements [Abstract]
Net sales growth (in hundredths)		11.00%
Moda Nicola International, LLC [Member] | Discounted Projection of Financial Results [Member] | Weighted Average [Member]
Quantitative Information About Level 3 Measurements [Abstract]
Net sales growth (in hundredths)		9.40%
Stuart Weitzman Holdings, LLC [Member] | Discounted Projection of Financial Results and Future Cash Flow [Member]
Quantitative Information About Level 3 Measurements [Abstract]
EBITDA multiplier		9.0	[1]
Significant Unobservable Inputs (Level 3) [Member]
Contingent consideration, at fair value [Roll Forward]
Contingent consideration, at fair value		$ 36.3		$ 210.4
Payments		(11.4)		(2.3)
Total adjustments included in earnings		(0.9)		24.6
Contingent consideration, at fair value		24.0		232.7
Significant Unobservable Inputs (Level 3) [Member] | Moda Nicola International, LLC [Member]
Contingent consideration, at fair value [Roll Forward]
Contingent consideration, at fair value		7.4		14.8
Payments		(2.5)		0
Total adjustments included in earnings		(0.4)		(3.1)
Contingent consideration, at fair value		4.5		11.7
Significant Unobservable Inputs (Level 3) [Member] | Stuart Weitzman Holdings, LLC [Member]
Contingent consideration, at fair value [Roll Forward]
Contingent consideration, at fair value	19.5	28.9		195.6
Payments	18.5	(8.9)		(2.3)
Total adjustments included in earnings		(0.5)		27.7
Contingent consideration, at fair value	$ 1.0	$ 19.5		$ 221.0

[1] Adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") as defined in the acquisition agreement.

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 0.9	$ (1.0)
Adjustments to reconcile net income (loss) to net cash used in operating activities, net of acquisitions:
Amortization of restricted stock	10.9	9.3
Depreciation and other amortization	21.7	22.5
Impairment losses	6.2	0.4
Losses on disposal of property, plant and equipment	1.6	0.1
Adjustments to acquisition consideration payable	(0.9)	24.6
Equity in income of unconsolidated affiliate	(0.6)	(0.9)
Deferred taxes	0	(9.5)
Fair value adjustments related to interest rate swaps and cap	0	1.6
Other items, net	5.7	(2.7)
Changes in operating assets and liabilities:
Accounts receivable	(67.8)	(117.5)
Inventories	(15.7)	20.8
Prepaid expenses and other current assets	(6.4)	(6.6)
Other assets	1.3	(0.6)
Accounts payable	(47.9)	7.4
Income taxes payable/ prepaid income taxes	(0.5)	14.9
Accrued expenses and other current liabilities	(32.3)	(22.0)
Acquisition consideration payable	(8.9)	(0.3)
Other liabilities	(4.0)	(0.3)
Total adjustments	(137.6)	(58.8)
Net cash used in operating activities	(136.7)	(59.8)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(16.3)	(18.2)
Other	(0.2)	(0.2)
Net cash used in investing activities	(16.5)	(18.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in short-term borrowings	64.5	0
Dividends paid	(4)	(4)
Repurchases of common stock	(9.0)	(8.9)
Payments of acquisition consideration payable	(2.5)	(2.0)
Other items, net	(0.7)	1.5
Net cash provided by (used in) financing activities	48.3	(13.4)
EFFECT OF EXCHANGE RATES ON CASH	0	(0.1)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(104.9)	(91.7)
CASH AND CASH EQUIVALENTS, BEGINNING	149.6	238.8
CASH AND CASH EQUIVALENTS, ENDING	$ 44.7	$ 147.1

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ACCOUNTS RECEIVABLE (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012	Dec. 31, 2012	Apr. 23, 2009	Jun. 24, 2009 GRI [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 482.8	$ 495.0	$ 408.4
Allowances for doubtful accounts, returns, discounts and co-op advertising	(36.6)	(36.4)	(27.4)
Trade accounts receivable, net	446.2	458.6	381.0
Ownership interest in GRI (in hundredths)					25.00%
Accounts receivable amounts due from GRI	13.3	26.1	15.6
Net revenues from GRI	13.0	17.9
Outstanding GRI accounts receivable converted to note				$ 10
Term of interest bearing convertible note				3 years

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ACCOUNTS RECEIVABLE (Tables)

3 Months Ended

Apr. 06, 2013

ACCOUNTS RECEIVABLE [Abstract]

Schedule of accounts receivable

Accounts receivable consist of the following:

(In millions)		April 6, 2013		March 31, 2012				December 31, 2012
Trade accounts receivable	$	482.8			$	495.0			$	408.4
Allowances for doubtful accounts, returns, discounts and co-op advertising		(36.6	)			(36.4	)			(27.4	)
	$	446.2			$	458.6			$	381.0

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ACQUISITIONS (Tables)

3 Months Ended

Apr. 06, 2013

ACQUISITIONS [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the fair values of the assets acquired and liabilities assumed from Brian Atwood on July 2, 2012.

(In millions)	Weighted-average amortization life (in months)		FairValue
Cash			$	0.6
Accounts receivable				0.5
Other current assets				0.4
Property, plant and equipment				0.1
Intangible assets:
Trademarks		240		7.5
Goodwill				3.2
Customer relationships		6		0.4
Order backlog		3		0.7
Total assets acquired				13.4
Accounts payable				1.7
Notes payable				2.8
Other current  liabilities				1.8
Deferred taxes				0.3
Other long-term liabilities				0.1
Total liabilities assumed				6.7
Fair value of noncontrolling interest				1.2
Total purchase price			$	5.5

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ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive (loss) income, beginning	$ (17.9)	$ (29.6)
Change in fair value of cash flow hedges	0.2	(0.1)
Amounts reclassified from accumulated other comprehensive (loss) income	(0.1)	0
Other comprehensive (loss) income before reclassifications	(9.0)	8.9
Amounts reclassified from accumulated other comprehensive (loss) income	0.1	0.4
Other Comprehensive (Loss) Income, Net of Tax, Total	(8.9)	9.3
Accumulated other comprehensive (loss) income, ending	(26.8)	(20.3)
Accumulated Gains (Losses) on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive (loss) income, beginning	0.1	0
Change in fair value of cash flow hedges	0.2	(0.1)
Amounts reclassified from accumulated other comprehensive (loss) income	(0.1)	0
Other Comprehensive (Loss) Income, Net of Tax, Total	0.1	(0.1)
Accumulated other comprehensive (loss) income, ending	0.2	(0.1)
Accumulated Gains (Losses) on Cash Flow Hedges [Member] | Cost of Sales [Member]
Accumulated Other Comprehensive Income [Line Items]
Cash Flow Hedge Gain Reclassified to Cost of Sales	(0.1)	0
Accumulated Gains (Losses) on Cash Flow Hedges [Member] | Provision (benefit) for income taxes [Member]
Accumulated Other Comprehensive Income [Line Items]
Provision (benefit) for income taxes	0	0
Accumulated Defined Benefit Pension Items [Member]
Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive (loss) income, beginning	(23.6)	(23.5)
Other comprehensive (loss) income before reclassifications	0	(0.4)
Amounts reclassified from accumulated other comprehensive (loss) income	0.2	0.4
Other Comprehensive (Loss) Income, Net of Tax, Total	0.2	0
Accumulated other comprehensive (loss) income, ending	(23.4)	(23.5)
Accumulated Defined Benefit Pension Items [Member] | Selling, General and Administrative Expenses [Member]
Accumulated Other Comprehensive Income [Line Items]
Defined Benefit Plan, Actuarial Gain (Loss)	0.3	0.6
Accumulated Defined Benefit Pension Items [Member] | Provision (benefit) for income taxes [Member]
Accumulated Other Comprehensive Income [Line Items]
Provision (benefit) for income taxes	(0.1)	(0.2)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive (loss) income, beginning	5.6	(6.1)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification	(9.2)	9.4
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment	0	0
Other Comprehensive (Loss) Income, Net of Tax, Total	(9.2)	9.4
Accumulated other comprehensive (loss) income, ending	$ (3.6)	$ 3.3

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ACCRUED RESTRUCTURING COSTS (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012	Dec. 31, 2012
Jewelry [Member]
Restructuring Reserve [Roll Forward]
Balance	$ 1.4	$ 1.5
Payments and reductions	(0.1)	(0.1)
Balance	1.3	1.4
Net accrual reported as accrued expenses and other current liabilities	0.4	0.4
Net accrual reported as other noncurrent liabilities	0.9	1.0
Retail Stores [Member]
Restructuring Reserve [Roll Forward]
Balance	0.9	1.3
Additions	3.3	0.8
Payments and reductions	(0.3)	(1.0)
Balance	3.9	1.1
Net accrual reported as accrued expenses and other current liabilities	3.9	1.1
Number of Retail Stores Closed	25	41
Additional expected store closures announced	120		50
Expected number of terminated employees receiving benefits	2,950
Expected total termination benefits and associated employee costs	14.1
Impairment losses recorded	5.8	0.4
Other Cost Reduction Initiatives [Member]
Restructuring Reserve [Roll Forward]
Balance	0
Additions	3.9
Payments and reductions	(0.1)
Balance	3.8
Net accrual reported as accrued expenses and other current liabilities	3.8
Expected number of terminated employees receiving benefits	90
Employee termination costs to be accrued in future periods	0.6
Expected total termination benefits and associated employee costs	$ 4.5

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ACCRUED RESTRUCTURING COSTS (Tables)

3 Months Ended

Apr. 06, 2013

ACCRUED RESTRUCTURING COSTS [Abstract]

Details of Jewelry Restructuring

During 2009, we decided to discontinue the domestic manufacturing, product development and sourcing activities of our jewelry business, and also announced the closing of our jewelry distribution center during 2010.  The details of the jewelry restructuring accruals are as follows:

(In millions)	Lease obligations
Balance, January 1, 2012	$	1.5
Payments and reductions		(0.1	)
Balance, March 31, 2012	$	1.4
Balance, January 1, 2013	$	1.4
Payments and reductions		(0.1	)
Balance, April 6, 2013	$	1.3

Details of Retail Stores Restructurings

The details of the retail store restructuring accruals are as follows:

(In millions)	Termination benefits
Balance, January 1, 2012	$	1.3
Additions		0.8
Payments and reductions		(1.0	)
Balance, March 31, 2012	$	1.1
Balance, January 1, 2013	$	0.9
Additions		3.3
Payments and reductions		(0.3	)
Balance, April 6, 2013	$	3.9

Details of Other Cost Reduction Initiatives

The details of the cost reduction initiative accruals are as follows:

(In millions)	Termination benefits
Balance, January 1, 2013	$	-
Additions		3.9
Payments and reductions		(0.1	)
Balance, April 6, 2013	$	3.8

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GOODWILL (Tables)

3 Months Ended

Apr. 06, 2013

GOODWILL [Abstract]

Schedule of Goodwill

The following table presents, by segment and in total, the carrying amount of goodwill for the fiscal quarters ended March 31, 2012 and April 6, 2013.

(In millions)	Domestic Wholesale Sportswear		Domestic Wholesale Jeanswear			Domestic Wholesale Footwear & Accessories			Domestic Retail			International Wholesale			International Retail			Total
Balance, January 1, 2012
Goodwill	$	46.7	$	519.2		$	859.8		$	120.6		$	111.6		$	50.4		$	1,708.3
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			-			(1,453.0	)
Net goodwill		46.7		-			46.6			-			111.6			50.4			255.3
Foreign currency translation effects		-		-			-			-			1.5			1.7			3.2
Balance, March 31, 2012
Goodwill		46.7		519.2			859.8			120.6			113.1			52.1			1,711.5
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			-			(1,453.0	)
Net goodwill	$	46.7	$	-		$	46.6		$	-		$	113.1		$	52.1		$	258.5
Balance, January 1, 2013
Goodwill	$	46.7	$	519.2		$	863.0		$	120.6		$	113.5		$	52.7		$	1,715.7
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			(47.4	)		(1,500.4	)
Net goodwill		46.7		-			49.8			-			113.5			5.3			215.3
Foreign currency translation effects		-		-			-			-			(2.5	)		(0.3	)		(2.8	)
Balance, April 6, 2013
Goodwill		46.7		519.2			863.0			120.6			111.0			49.8			1,710.3
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			(44.8	)		(1,497.8	)
Net goodwill	$	46.7	$	-		$	49.8		$	-		$	111.0		$	5.0		$	212.5

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (Parenthetical) (USD $)	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) [Abstract]
Dividends on common stock (in dollars per share)	$ 0.05	$ 0.05

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FAIR VALUES (Tables)

3 Months Ended

Apr. 06, 2013

FAIR VALUES [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis at March 31, 2012, December 31, 2012 and April 6, 2013.

(In millions) Description	Classification	Total Value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
March 31, 2012:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.5	$	8.5	$	-	$	-
Interest rate swaps	Other long-term assets		5.9		-		5.9		-
Interest rate cap	Other long-term assets		0.1		-		0.1		-
Total assets		$	14.5	$	8.5	$	6.0	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.5	$	8.5	$	-	$	-
Interest rate swaps	Other long-term liabilities		0.3		-		0.3		-
Canadian Dollar – U.S. Dollar forward contracts	Accrued expenses and other current liabilities		0.1		-		0.1		-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		226.9		-		-		226.9
5.125% Senior Notes  due 2014	Long-term debt		262.6		-		262.6		-
Hedged portion of 6.875% Senior Notes due 2019	Long-term debt		151.3		-		151.3		-
Acquisition consideration	Acquisition consideration payable, net of current portion		5.8		-		-		5.8
Total liabilities		$	655.7	$	8.7	$	414.3	$	232.7
December 31, 2012:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.4	$	8.4	$	-	$	-
Interest rate cap	Other long-term assets		-		-		-		-
British Pound – U.S. Dollar forward contracts	Prepaid expenses and other current assets		-		-		-		-
Canadian Dollar – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.2		-		0.2		-
Total assets		$	8.6	$	8.4	$	0.2	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.4	$	8.4	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		30.3		-		-		30.3
Acquisition consideration	Acquisition consideration payable, net of current portion		6.0		-		-		6.0
Total liabilities		$	44.9	$	8.6	$	-	$	36.3
April 6, 2013:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.1	$	8.1	$	-	$	-
British Pound – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.5		-		0.5		-
Canadian Dollar – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.4		-		0.4		-
Interest rate cap	Other long-term assets		-		-		-		-
Total assets		$	9.0	$	8.1	$	0.9	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.1	$	8.1	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		20.8		-		-		20.8
Acquisition consideration	Acquisition consideration payable, net of current portion		3.2		-		-		3.2
Total liabilities		$	32.3	$	8.3	$	-	$	24.0

Changes in Level 3 contingent consideration liability

The following table presents the changes in Level 3 contingent consideration liability for the fiscal three months ended March 31, 2012 and April 6, 2013.

(In millions)	Acquisition of Moda			Acquisition of SWH			Total Acquisition Consideration Payable
Beginning balance, January 1, 2012	$	14.8		$	195.6		$	210.4
Payments		-			(2.3	)		(2.3	)
Total adjustments included in earnings		(3.1	)		27.7			24.6
Balance, March 31, 2012	$	11.7		$	221.0		$	232.7
Beginning balance, January 1, 2013	$	7.4		$	28.9		$	36.3
Payments		(2.5	)		(8.9	)		(11.4	)
Total adjustments included in earnings		(0.4	)		(0.5	)		(0.9	)
Balance, April 6, 2013	$	4.5		$	19.5		$	24.0

Quantitative information about Level 3 contingent consideration liability measurements

The following table represents quantitative information about the Level 3 contingent consideration liability measurement for the acquisition of Moda at April 6, 2013.

(In millions)	Fair Value at April 6, 2013		Valuation technique	Unobservable inputs	Range (Weighted Average)
Acquisition of Moda	$	4.5	Discounted projection of financial results	Net sales growth Gross margin multiplier Discount rate	7% - 11% (9.4%) 1.44 12.0%

Fair value of non-financial assets and liabilities

In accordance with the fair value hierarchy described above, the following table shows the fair value of our non-financial assets and liabilities that were required to be measured at fair value on a nonrecurring basis at March 31, 2012 and April 6, 2013, and the total losses recorded as a result of the remeasurement process.

(In millions)				Fair Value Measurements Using
Description	Carrying Value			Quoted prices in active markets for identical assets (Level 1)			Significant other observable inputs (Level 2)			Significant unobservable inputs (Level 3)			Total losses recorded for the fiscal three months
At March 31, 2012:
Property and equipment		$	-		$	-		$	-		$	-		$	0.4
At April 6, 2013:
Property and equipment			0.8			-			-			0.8			6.2

Estimated fair values of other financial instruments by balance sheet location

At April 6, 2013, March 31, 2012 and December 31, 2012, the fair values of cash and cash equivalents, receivables and accounts payable approximated their carrying values due to the short-term nature of these instruments.  The estimated fair values of other financial instruments subject to fair value disclosures were valued using market comparable inputs.  These inputs include broker quotes, quoted market prices, interest rates and exchange rates for the same or similar instruments.  The fair value and related carrying amounts for items not disclosed elsewhere are as follows:

(In millions)	April 6, 2013						March 31, 2012				December 31, 2012
	Fair Value Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes, including hedged items recorded at fair value		1	$	922.5	$	903.6	$	822.4	$	750.2	$	924.3	$	884.5
Other long-term debt, including current portion		2		9.6		8.9		10.1		9.0		10.2		9.3
Note receivable from GRI		2		-		-		10.0		10.0		-		-
Other notes receivable		2		-		-		1.7		1.5		-		-

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EARNINGS PER SHARE (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
EARNINGS PER SHARE [Abstract]
Net income (loss)	$ 0.9	$ (1.0)
Less: income attributable to noncontrolling interest	0.4	0.2
Income (loss) attributable to Jones	0.5	(1.2)
Less: income (loss) allocated to participating securities	0	(0.2)
Income (loss) available to common stockholders of Jones	$ 0.5	$ (1.0)
Weighted-average shares outstanding - basic (in shares)	73.4	76.1
Effect of dilutive employee restricted stock (in shares)	2.5	0
Weighted-average shares outstanding - diluted (in shares)	75.9	76.1
Earnings (loss) per common share attributable to Jones
Basic (in dollars per share)	$ 0.01	$ (0.01)
Diluted (in dollars per share)	$ 0.01	$ (0.01)

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STATEMENT OF CASH FLOWS (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
Cash paid (received) during the period for:
Interest	$ 24.5	$ 11.9
Net income tax payments (refunds)	0.3	(8.9)
Supplemental disclosures of non-cash investing and financing activities:
Restricted stock issued to employees	27.4	18.7
Shares withheld for taxes upon vesting of restricted stock	$ 2.0	$ 0.3

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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Millions, unless otherwise specified	Apr. 06, 2013	Dec. 31, 2012	Mar. 31, 2012
Current assets:
Cash and cash equivalents	$ 44.7	$ 149.6	$ 147.1
Accounts receivable	446.2	381.0	458.6
Inventories, primarily finished goods	498.3	486.7	473.0
Prepaid and refundable income taxes	3.9	5.5	0
Deferred taxes	36.2	33.2	34.6
Loan to unconsolidated affiliate	0	0	10.0
Prepaid expenses and other current assets	47.4	40.7	44.6
Total current assets	1,076.7	1,096.7	1,167.9
Property, plant and equipment, at cost, less accumulated depreciation and amortization of $579.0, $596.6 and $565.3	265.6	278.1	273.0
Goodwill	212.5	215.3	258.5
Other intangibles, at cost, less accumulated amortization	854.8	869.7	900.9
Investment in unconsolidated affiliate	41.8	38.9	36.2
Other assets	92.7	96.8	98.7
Total assets	2,544.1	2,595.5	2,735.2
Current Liabilities:
Short-term borrowings	64.5	0	0
Current portion of long-term debt and capital lease obligations	2.2	2.2	2.1
Current portion of acquisition consideration payable	20.8	30.3	228.3
Accounts payable	208.2	257.5	244.7
Income taxes payable	0	1.4	11.5
Accrued employee compensation and benefits	27.7	50.0	29.1
Accrued expenses and other current liabilities	99.9	110.8	96.2
Total current liabilities	423.3	452.2	611.9
Long-term debt	932.0	934.4	832.4
Obligations under capital leases	20.7	21.3	22.8
Deferred taxes	61.6	56.7	74.9
Income taxes payable	0.5	0.5	0.5
Acquisition consideration payable	3.2	6.0	5.8
Other noncurrent liabilities	113.5	118.1	93.1
Total liabilities	1,554.8	1,589.2	1,641.4
Commitments and contingencies	0	0	0
Redeemable noncontrolling interest	0.6	0.6	0
Equity:
Preferred stock, $.01 par value - shares authorized 1.0; none issued	0	0	0
Common stock, $.01 par value - shares authorized 200.0; issued 80.3, 82.1 and 79.2	0.8	0.8	0.8
Additional paid-in capital	521.3	520.8	526.9
Retained earnings	492.3	501.1	586.2
Accumulated other comprehensive loss	(26.8)	(17.9)	(20.3)
Total Jones stockholders' equity	987.6	1,004.8	1,093.6
Noncontrolling interests	1.1	0.9	0.2
Total equity	988.7	1,005.7	1,093.8
Total liabilities and equity	$ 2,544.1	$ 2,595.5	$ 2,735.2

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GOODWILL (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2011
Goodwill [Line Items]
Goodwill Gross	$ 1,710.3	$ 1,711.5	$ 1,715.7	$ 1,708.3
Accumulated impairment losses	(1,497.8)	(1,453.0)	(1,500.4)	(1,453.0)
Net goodwill	212.5	258.5	215.3	255.3
Foreign currency translation effects	(2.8)	3.2
International Wholesale [Member]
Goodwill [Line Items]
Goodwill Gross	111.0	113.1	113.5	111.6
Accumulated impairment losses	0	0	0	0
Net goodwill	111.0	113.1	113.5	111.6
Foreign currency translation effects	(2.5)	1.5
International Retail [Member]
Goodwill [Line Items]
Goodwill Gross	49.8	52.1	52.7	50.4
Accumulated impairment losses	(44.8)	0	(47.4)	0
Net goodwill	5.0	52.1	5.3	50.4
Foreign currency translation effects	(0.3)	1.7
Domestic Wholesale Sportswear [Member]
Goodwill [Line Items]
Goodwill Gross	46.7	46.7	46.7	46.7
Accumulated impairment losses	0	0	0	0
Net goodwill	46.7	46.7	46.7	46.7
Foreign currency translation effects	0	0
Domestic Wholesale Jeanswear [Member]
Goodwill [Line Items]
Goodwill Gross	519.2	519.2	519.2	519.2
Accumulated impairment losses	(519.2)	(519.2)	(519.2)	(519.2)
Net goodwill	0	0	0	0
Foreign currency translation effects	0	0
Domestic Wholesale Footwear & Accessories [Member]
Goodwill [Line Items]
Goodwill Gross	863.0	859.8	863.0	859.8
Accumulated impairment losses	(813.2)	(813.2)	(813.2)	(813.2)
Net goodwill	49.8	46.6	49.8	46.6
Foreign currency translation effects	0	0
Domestic Retail [Member]
Goodwill [Line Items]
Goodwill Gross	120.6	120.6	120.6	120.6
Accumulated impairment losses	(120.6)	(120.6)	(120.6)	(120.6)
Net goodwill	0	0	0	0
Foreign currency translation effects	$ 0	$ 0

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
Other comprehensive (loss) income:
Tax benefit (provision), Change in fair value of cash flow hedges	$ (0.1)	$ 0.1
Tax benefit, Reclassification adjustment for hedge gains and losses included in net (loss) income	0
Tax benefit, Pension and postretirement liability adjustments	$ 0.1	$ 0

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PENSION PLANS (Tables)

3 Months Ended

Apr. 06, 2013

PENSION PLANS [Abstract]

Components of Net Periodic Benefit Cost

Components of Net Periodic Benefit Cost

(In millions)	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
Interest cost	$	0.6		$	0.6
Expected return on plan assets		(0.8	)		(0.7	)
Amortization of net loss		0.3			0.6
Net periodic benefit cost	$	0.1		$	0.5

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PENSION PLANS

3 Months Ended

Apr. 06, 2013

PENSION PLANS [Abstract]

PENSION PLANS

PENSION PLANS

Components of Net Periodic Benefit Cost

(In millions)	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
Interest cost	$	0.6		$	0.6
Expected return on plan assets		(0.8	)		(0.7	)
Amortization of net loss		0.3			0.6
Net periodic benefit cost	$	0.1		$	0.5

Employer Contributions

During the fiscal quarter ended April 6, 2013, we contributed $0.7 million to our defined benefit pension plan.  We anticipate contributing a total of $5.1 million during 2013.

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SEGMENT INFORMATION (Tables)

3 Months Ended

Apr. 06, 2013

SEGMENT INFORMATION [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Summarized below are our revenues and income by reportable segment for the fiscal quarters ended April 6, 2013 and March 31, 2012.  We are an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets.  Therefore, we do not represent that these segments, if operated independently, would report the operating profit and other financial information shown below.

(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 6, 2013
Revenues	$	216.5	$	256.6	$	241.2	$	126.1		$	73.2	$	84.3		$	10.8		$	1,008.7
Segment income (loss)	$	10.2	$	34.2	$	21.9	$	(35.0	)	$	5.6	$	(8.2	)	$	(11.8	)		16.9
Net interest expense																			(16.1	)
Equity in income of unconsolidated affiliate																			0.6
Income before provision for income taxes																		$	1.4
For the fiscal quarter ended March 31, 2012
Revenues	$	233.6	$	184.8	$	225.9	$	128.1		$	73.4	$	77.9		$	12.3		$	936.0
Segment income (loss)	$	23.2	$	16.6	$	18.4	$	(22.4	)	$	9.9	$	(4.9	)	$	(0.6	)		40.2
Net interest expense																			(42.7	)
Equity in income of unconsolidated affiliate																			0.9
Loss before benefit for income taxes																		$	(1.6	)

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ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Apr. 06, 2013

ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in Accumulated Other Comprehensive (Loss) Income by Component

(In millions)	Gains (Losses) on Cash Flow Hedges			Defined Benefit Pension Items			Foreign Currency Translation			Total
Balance, January 1, 2012	$	-		$	(23.5	)	$	(6.1	)	$	(29.6	)
Other comprehensive (loss) income before reclassifications		(0.1	)		(0.4	)		9.4			8.9
Amounts reclassified from accumulated other comprehensive (loss) income		-			0.4			-			0.4
Net comprehensive (loss) income		(0.1	)		-			9.4			9.3
Balance, March 31, 2012	$	(0.1	)	$	(23.5	)	$	3.3		$	(20.3	)
Balance, January 1, 2013	$	0.1		$	(23.6	)	$	5.6		$	(17.9	)
Other comprehensive (loss) income before reclassifications		0.2			-			(9.2	)		(9.0	)
Amounts reclassified from accumulated other comprehensive (loss) income		(0.1	)		0.2			-			0.1
Net comprehensive (loss) income		0.1			0.2			(9.2	)		(8.9	)
Balance, April 6, 2013	$	0.2		$	(23.4	)	$	(3.6	)	$	(26.8	)

Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

(In millions)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income
	For the Fiscal Quarter Ended April 6, 2013			For the Fiscal Quarter Ended March 31, 2012			Line Item in the Statement of Operations
(Gains) losses on cash flow hedges
Foreign exchange contracts	$	(0.1	)	$	-		Cost of goods sold
Tax benefit		-			-		Provision (benefit) for income taxes
Total, net of tax	$	(0.1	)	$	-
Amortization of defined benefit pension items
Actuarial (gains) losses	$	0.3		$	0.6		Selling, general and administrative expenses
Tax benefit		(0.1	)		(0.2	)	Provision (benefit) for income taxes
Total, net of tax	$	0.2		$	0.4

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (USD $) In Millions	Common Stock [Member] USD ($)	Additional Paid-in Capital [Member] USD ($)	Retained Earnings [Member] USD ($)	Accumulated Other Comprehensive Loss [Member] USD ($)	Noncontrolling Interest [Member] USD ($)	Redeemable Noncontrolling Interest [Member] USD ($)	Number of common shares outstanding [Member]	Total USD ($)
Balance at Dec. 31, 2011	$ 0.8	$ 521.8	$ 596.2	$ (29.6)	$ 0.2	$ 0		$ 1,089.4
Balance (in shares) at Dec. 31, 2011							81.0
Comprehensive income (loss)	0	0	(1.2)	9.3	0.2	0		8.3
Issuance of restricted stock to employees, net of forfeitures	0	0	0	0	0	0		0
Issuance of restricted stock to employees, net of forfeitures (in shares)							2.1
Shares withheld for taxes upon vesting of restricted stock	0	(0.1)	(0.2)	0	0	0		(0.3)
Shares withheld for taxes upon vesting of restricted stock (in shares)							0
Amortization of restricted stock	0	9.3	0	0	0	0		9.3
Distributions to noncontrolling interests	0	0	0	0	(0.2)	0		(0.2)
Tax effects from vesting of restricted stock	0	1.4	0	0	0	0		1.4
Tax effects of expired employee stock options	0	(1.3)	0	0	0	0		(1.3)
Dividends on common stock ($0.05 per share)	0	0	(3.9)	0	0	0		(3.9)
Repurchase of common shares	0	(4.2)	(4.7)	0	0	0		(8.9)
Repurchase of common shares (in shares)							(1.0)
Balance at Mar. 31, 2012	0.8	526.9	586.2	(20.3)	0.2	0		1,093.8
Balance (in shares) at Mar. 31, 2012							82.1
Balance at Dec. 31, 2012	0.8	520.8	501.1	(17.9)	0.9	0.6		1,005.7
Balance (in shares) at Dec. 31, 2012							79.2
Comprehensive income (loss)	0	0	0.5	(8.9)	0.4	0		(8.0)
Issuance of restricted stock to employees, net of forfeitures	0	0	0	0	0	0		0
Issuance of restricted stock to employees, net of forfeitures (in shares)							2.1
Shares withheld for taxes upon vesting of restricted stock	0	(1.0)	(1.0)	0	0	0		(2.0)
Shares withheld for taxes upon vesting of restricted stock (in shares)							(0.2)
Amortization of restricted stock	0	10.9	0	0	0	0		10.9
Distributions to noncontrolling interests	0	0	0	0	(0.2)	0		(0.2)
Tax effects from vesting of restricted stock	0	(0.7)	0	0	0	0		(0.7)
Tax effects of cancelled restricted stock	0	(4)	0	0	0	0		(4)
Dividends on common stock ($0.05 per share)	0	0	(4.0)	0	0	0		(4.0)
Repurchase of common shares	0	(4.7)	(4.3)	0	0	0		(9.0)
Repurchase of common shares (in shares)							(0.8)
Balance at Apr. 06, 2013	$ 0.8	$ 521.3	$ 492.3	$ (26.8)	$ 1.1	$ 0.6		$ 988.7
Balance (in shares) at Apr. 06, 2013							80.3

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CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	Apr. 06, 2013	Dec. 31, 2012	Mar. 31, 2012
ASSETS
Property, plant and equipment, accumulated depreciation and amortization	$ 579.0	$ 565.3	$ 596.6
EQUITY:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1.0	1.0	1.0
Preferred stock, shares issued (in shares)	0	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200.0	200.0	200.0
Common stock, shares issued (in shares)	80.3	79.2	82.1

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FAIR VALUES

3 Months Ended

Apr. 06, 2013

FAIR VALUES [Abstract]

FAIR VALUES

FAIR VALUES

ASC Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  ASC Subtopic 820-10 outlines a valuation framework, creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements, and details the disclosures that are required for items measured at fair value.  We are permitted to choose to measure many financial instruments and certain other items at fair value, although we did not elect the fair value measurement option for any of our financial assets or liabilities.  Our financial assets and liabilities are to be measured using inputs from the three levels of the fair value hierarchy, which are as follows:

· Level 1 - inputs are unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date;

· Level 2 - inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs); and

· Level 3 - unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing assets or liabilities based on the best information available.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

We have or had certain financial assets and liabilities that are required to be measured at fair value.  These include:

· the assets and liabilities of The Jones Group Inc. Deferred Compensation Plan (the "Rabbi Trust"), which represent deferred employee compensation invested in mutual funds and which fall within Level 1 of the fair value hierarchy;

· deferred director fees, which represent phantom units of our common stock that have a fair value based on the market price of our common stock and which fall within Level 1 of the fair value hierarchy;

· foreign currency forward contracts, which have fair values calculated by comparing foreign exchange forward rates to the contract rates discounted at our incremental borrowing rate,   which fall within Level 2 of the fair value hierarchy;

· interest rate swap and cap contracts, which have or had fair values calculated by comparing current yield curves and LIBOR rates to the stated contract rates adjusted for estimated risk of counterparty nonperformance,  which fall within Level 2 of the fair value hierarchy;

· long-term debt that was hedged by interest rate swaps as a fair-value hedge, calculated by comparing current yield curves and LIBOR rates to the stated contract rates of the associated interest rate swaps, which falls within Level 2 of the fair value hierarchy; and

· consideration liabilities recorded as a result of the acquisition of Moda Nicola International, LLC ("Moda") and Stuart Weitzman Holdings, LLC ("SWH"), which have fair values based on our projections of financial results and cash flows for the acquired business and a discount factor based on our weighted average cost of capital, and which fall within Level 3 of the fair value hierarchy.

In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis at March 31, 2012, December 31, 2012 and April 6, 2013.

(In millions) Description	Classification	Total Value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
March 31, 2012:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.5	$	8.5	$	-	$	-
Interest rate swaps	Other long-term assets		5.9		-		5.9		-
Interest rate cap	Other long-term assets		0.1		-		0.1		-
Total assets		$	14.5	$	8.5	$	6.0	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.5	$	8.5	$	-	$	-
Interest rate swaps	Other long-term liabilities		0.3		-		0.3		-
Canadian Dollar – U.S. Dollar forward contracts	Accrued expenses and other current liabilities		0.1		-		0.1		-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		226.9		-		-		226.9
5.125% Senior Notes  due 2014	Long-term debt		262.6		-		262.6		-
Hedged portion of 6.875% Senior Notes due 2019	Long-term debt		151.3		-		151.3		-
Acquisition consideration	Acquisition consideration payable, net of current portion		5.8		-		-		5.8
Total liabilities		$	655.7	$	8.7	$	414.3	$	232.7
December 31, 2012:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.4	$	8.4	$	-	$	-
Interest rate cap	Other long-term assets		-		-		-		-
British Pound – U.S. Dollar forward contracts	Prepaid expenses and other current assets		-		-		-		-
Canadian Dollar – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.2		-		0.2		-
Total assets		$	8.6	$	8.4	$	0.2	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.4	$	8.4	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		30.3		-		-		30.3
Acquisition consideration	Acquisition consideration payable, net of current portion		6.0		-		-		6.0
Total liabilities		$	44.9	$	8.6	$	-	$	36.3
April 6, 2013:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.1	$	8.1	$	-	$	-
British Pound – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.5		-		0.5		-
Canadian Dollar – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.4		-		0.4		-
Interest rate cap	Other long-term assets		-		-		-		-
Total assets		$	9.0	$	8.1	$	0.9	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.1	$	8.1	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		20.8		-		-		20.8
Acquisition consideration	Acquisition consideration payable, net of current portion		3.2		-		-		3.2
Total liabilities		$	32.3	$	8.3	$	-	$	24.0

The following table presents the changes in Level 3 contingent consideration liability for the fiscal three months ended March 31, 2012 and April 6, 2013.

(In millions)	Acquisition of Moda			Acquisition of SWH			Total Acquisition Consideration Payable
Beginning balance, January 1, 2012	$	14.8		$	195.6		$	210.4
Payments		-			(2.3	)		(2.3	)
Total adjustments included in earnings		(3.1	)		27.7			24.6
Balance, March 31, 2012	$	11.7		$	221.0		$	232.7
Beginning balance, January 1, 2013	$	7.4		$	28.9		$	36.3
Payments		(2.5	)		(8.9	)		(11.4	)
Total adjustments included in earnings		(0.4	)		(0.5	)		(0.9	)
Balance, April 6, 2013	$	4.5		$	19.5		$	24.0

The following table represents quantitative information about the Level 3 contingent consideration liability measurement for the acquisition of Moda at April 6, 2013.

(In millions)	Fair Value at April 6, 2013		Valuation technique	Unobservable inputs	Range (Weighted Average)
Acquisition of Moda	$	4.5	Discounted projection of financial results	Net sales growth Gross margin multiplier Discount rate	7% - 11% (9.4%) 1.44 12.0%

The valuation processes for the contingent consideration liability for the acquisition of Moda is based on the associated acquisition agreement.  Our inputs include probability-weighted projections of financial results for the acquired business and a discount rate based on our weighted average cost of capital.  We internally calculate the estimated liability using projected financial information provided by the operating divisions.

The significant unobservable inputs used in the fair value measurement of the Moda contingent consideration liability are net sales growth, a gross margin multiplier (as defined in the acquisition agreement) and a discount factor.  An increase in the net sales or gross margin multiplier inputs would increase the fair value of the liability, while an increase in the discount rate would decrease the fair value of the liability.  There is no interrelationship between the unobservable inputs.  Changes in the fair value of the Moda contingent consideration liability are reported as adjustments to SG&A expenses in the domestic wholesale sportswear segment.

The remaining contingent consideration liability related to the acquisition of SWH has been determined to be $19.5 million, based on adjusted earnings before interest, taxes, depreciation and amortization as defined in the acquisition agreement ("EBITDA") for the year 2012 and an EBITDA multiplier at the contractual maximum of 9.0 as specified in the acquisition agreement.  Changes in the fair value of the contingent consideration liability for SWH are reported as adjustments to interest expense.  Of the remaining liability, $18.5 million was paid in April 2013 and payment of the remaining $1.0 million will be deferred until certain conditions are met.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

In accordance with the fair value hierarchy described above, the following table shows the fair value of our non-financial assets and liabilities that were required to be measured at fair value on a nonrecurring basis at March 31, 2012 and April 6, 2013, and the total losses recorded as a result of the remeasurement process.

(In millions)				Fair Value Measurements Using
Description	Carrying Value			Quoted prices in active markets for identical assets (Level 1)			Significant other observable inputs (Level 2)			Significant unobservable inputs (Level 3)			Total losses recorded for the fiscal three months
At March 31, 2012:
Property and equipment		$	-		$	-		$	-		$	-		$	0.4
At April 6, 2013:
Property and equipment			0.8			-			-			0.8			6.2

During the fiscal quarters ended March 31, 2012 and April 6, 2013, property and equipment utilized in our retail operations with a carrying amount of $0.4 million and $6.6 million, respectively, were written down to fair values of zero and $0.8 million, respectively, primarily as a result of our decision to close underperforming retail locations.  These losses were recorded as SG&A expenses in the domestic retail segment.  We consider long-term assets utilized in a retail location to be impaired when a pattern of operating losses at the location indicate that future operating losses are probable and that the resulting cash flows will not be sufficient to recover the carrying value of the associated long-term assets.  During the fiscal quarter ended April 6, 2013, leasehold improvements with a carrying value of $0.4 million in a facility to be sublet were written down to a fair value of zero, as we will incur a loss on the sublease.  This loss was recorded as an SG&A expense in the domestic wholesale footwear and accessories segment.

Financial Instruments

As a result of our global operating and financing activities, we are exposed to changes in interest rates and foreign currency exchange rates which may adversely affect results of operations and financial condition.  In seeking to minimize the risks and/or costs associated with such activities, we manage exposure to changes in interest rates and foreign currency exchange rates through our regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments.  The instruments eligible for utilization include forward, option and swap agreements.  We do not use financial instruments for trading or other speculative purposes.  At April 6, 2013, we had outstanding foreign exchange contracts to exchange Canadian Dollars for a total notional value of US$12.1 million at a weighted-average exchange rate of 0.986 maturing through November 2013 and to exchange 6.0 million British Pounds for U.S. Dollars at an exchange rate of 1.623 maturing in December 2013.

At April 6, 2013, March 31, 2012 and December 31, 2012, the fair values of cash and cash equivalents, receivables and accounts payable approximated their carrying values due to the short-term nature of these instruments.  The estimated fair values of other financial instruments subject to fair value disclosures were valued using market comparable inputs.  These inputs include broker quotes, quoted market prices, interest rates and exchange rates for the same or similar instruments.  The fair value and related carrying amounts for items not disclosed elsewhere are as follows:

(In millions)	April 6, 2013						March 31, 2012				December 31, 2012
	Fair Value Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes, including hedged items recorded at fair value		1	$	922.5	$	903.6	$	822.4	$	750.2	$	924.3	$	884.5
Other long-term debt, including current portion		2		9.6		8.9		10.1		9.0		10.2		9.3
Note receivable from GRI		2		-		-		10.0		10.0		-		-
Other notes receivable		2		-		-		1.7		1.5		-		-

Financial instruments expose us to counterparty credit risk for nonperformance and to market risk for changes in interest and currency rates.  We manage exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties and procedures to monitor the amount of credit exposure.  Our financial instrument counterparties are substantial investment or commercial banks with significant experience with such instruments.

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Document and Entity Information (USD $)	3 Months Ended
	Apr. 06, 2013	May 02, 2013	Jul. 02, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	JONES GROUP INC
Entity Central Index Key	0000874016
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 726,799,067
Entity Common Stock, Shares Outstanding		80,092,258
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 06, 2013

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CREDIT FACILITIES

3 Months Ended

Apr. 06, 2013

CREDIT FACILITIES [Abstract]

CREDIT FACILITIES

CREDIT FACILITIES

We have a secured revolving credit agreement expiring on April 28, 2016 (the "Credit Facility") with several lending institutions to borrow an aggregate principal amount of up to $650 million.  The terms and conditions of our Credit Facility provide for, among other things: (1) a $350 million U.S. commitment which may be drawn by the U.S. borrowers as revolving loans in U.S. Dollars or letters of credit in Canadian Dollars, U.S. Dollars, or an "LC Alternative Currency" (namely Euros, sterling, or any other currency acceptable to the lenders); and (2) a $300 million international commitment which may be drawn by the U.S. borrowers or by any Canadian or European borrowers as revolving loans or letters of credit in Canadian Dollars, U.S. Dollars, or an LC Alternative Currency.  Up to the entire amount of the Credit Facility is available for cash borrowings, with an overall sublimit of up to $350 million for all letters of credit.  All of the overall $350 million sublimit may be used for trade letters of credit; and within that overall sublimit, there are additional sublimits, including (but not limited to) $50 million for standby letters of credit and $150 million for letters of credit under the U.S. commitment denominated in an LC Alternative Currency.

        Borrowings under the Credit Facility may be used to refinance certain existing indebtedness, to make certain investments (including acquisitions), and for general corporate purposes in the ordinary course of business.  Such borrowings bear interest either based on the alternate base rate, as defined in the Credit Facility, or based on Eurocurrency rates, each with a margin that depends on the availability remaining under the Credit Facility.  The Credit Facility contains customary events of default.

        Availability under the Credit Facility is determined with reference to a borrowing base consisting of a percentage of eligible inventory, accounts receivable, credit card receivables and licensee receivables, minus reserves determined by the joint collateral agents.  At April 6, 2013, we had $64.5 million of cash borrowings and $18.3 million of letters of credit outstanding, and our remaining availability was $456.7 million.  If availability under the Credit Facility falls below a stated level, we will be required to comply with a minimum fixed charge coverage ratio.  The Credit Facility also contains affirmative and negative covenants that, among other things, will limit or restrict our ability to (1) incur indebtedness, (2) create liens, (3) merge, consolidate, liquidate or dissolve, (4) make investments (including acquisitions), loans or advances, (5) sell assets, (6) enter into sale and leaseback transactions, (7) enter into swap agreements, (8) make certain restricted payments (including dividends and other payments in respect of capital stock), (9) enter into transactions with affiliates, (10) enter into restrictive agreements, and (11) amend material documents.  The Credit Facility is secured by a first priority lien on substantially all of our personal property.

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Net sales	$ 997.6	$ 923.4
Licensing income	10.8	12.3
Other revenues	0.3	0.3
Total revenues	1,008.7	936.0
Cost of goods sold	660.3	592.5
Gross profit	348.4	343.5
Selling, general and administrative expenses	331.5	303.3
Operating income	16.9	40.2
Interest income	0.1	0.2
Interest expense and financing costs	16.2	42.9
Equity in income of unconsolidated affiliate	0.6	0.9
Income (loss) before provision (benefit) for income taxes	1.4	(1.6)
Provision (benefit) for income taxes	0.5	(0.6)
Net income (loss)	0.9	(1.0)
Less: income attributable to noncontrolling interest	0.4	0.2
Income (loss) attributable to Jones	$ 0.5	$ (1.2)
Earnings (loss) per common share attributable to Jones
Basic (in dollars per share)	$ 0.01	$ (0.01)
Diluted (in dollars per share)	$ 0.01	$ (0.01)
Weighted average shares outstanding
Basic (in shares)	73.4	76.1
Diluted (in shares)	75.9	76.1
Dividends declared per share (in dollars per share)	$ 0.05	$ 0.05

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ACQUISITIONS

3 Months Ended

Apr. 06, 2013

ACQUISITIONS [Abstract]

ACQUISITIONS

ACQUISITIONS

Brian Atwood

On July 2, 2012, we acquired an 80% interest in Brian Atwood-related intellectual property (the "intellectual property") from BA Holding Group, Inc., BKA International, Inc. and Brian Atwood, we acquired 100% of the equity interests in Atwood Italia S.r.l., and we acquired certain assets and assumed certain liabilities of Brian Atwood, Ltd. (collectively, "Brian Atwood").  The purchase price was $5.5 million, of which $5.0 million was paid in 2012.  We deferred $0.5 million of the purchase price, with payment subject to an indemnification holding period as set forth in the acquisition agreement, of which $0.2 million was paid in the fiscal quarter ended April 6, 2013.

The remaining 20% interest in the intellectual property was recorded as a noncontrolling interest, with the fair value based on projected cash flows related to that property.  Brian Atwood has the right, under certain conditions, to require us to repurchase a portion of his noncontrolling ownership interest at a predetermined multiple of the previous year's distributable cash flows generated by the intellectual property.

We pursued the acquisition of Brian Atwood to increase our international presence and further extend our reach into the designer footwear business.  Brian Atwood's luxury wholesale footwear business is reported in our international wholesale segment.

The following table summarizes the fair values of the assets acquired and liabilities assumed from Brian Atwood on July 2, 2012.

(In millions)	Weighted-average amortization life (in months)		FairValue
Cash			$	0.6
Accounts receivable				0.5
Other current assets				0.4
Property, plant and equipment				0.1
Intangible assets:
Trademarks		240		7.5
Goodwill				3.2
Customer relationships		6		0.4
Order backlog		3		0.7
Total assets acquired				13.4
Accounts payable				1.7
Notes payable				2.8
Other current  liabilities				1.8
Deferred taxes				0.3
Other long-term liabilities				0.1
Total liabilities assumed				6.7
Fair value of noncontrolling interest				1.2
Total purchase price			$	5.5

The gross contractual accounts receivable acquired from Brian Atwood was $0.5 million.

The fair values of the acquired intangibles were determined using discounted cash flow models using a discount factor based on an estimated risk-adjusted weighted average cost of capital.  The customer relationships were valued using a "with and without" model, the trademarks using a relief-from-royalty model and the order backlog using multi-period excess earnings model.

The acquisition resulted in the recognition of $3.2 million of goodwill, which will not be deductible for tax purposes.  Goodwill largely consists of expected synergies resulting from the leveraging of the combined networks of partners, infrastructure and customer relationships to expand product distribution worldwide, as well as the acquired assembled workforce, which does not qualify as an amortizable intangible asset, and the potential for both product extensions, such as apparel, and the introduction of Brian Atwood retail locations.  The goodwill has been assigned to our domestic wholesale footwear and accessories segment, as we pursued the acquisition to acquire majority ownership interest in the Brian Atwood-related trademarks, under which our existing B Brian Atwood domestic footwear business is licensed.  Pro forma total revenues and results of operations reflecting the acquisition of Brian Atwood are not presented, as the acquisition is not material to our financial position or our results of operations.

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EARNINGS PER SHARE

3 Months Ended

Apr. 06, 2013

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE [Text Block]

EARNINGS PER SHARE

The computation of basic and diluted earnings per share is as follows:

(In millions, except per share amounts)	Fiscal Quarter Ended
	April 6, 2013		March 31, 2012
Net income (loss)	$	0.9	$	(1.0	)
Less: income attributable to noncontrolling interest		0.4		0.2
Income (loss) attributable to Jones		0.5		(1.2	)
Less: income (loss) allocated to participating securities		-		(0.2	)
Income (loss) available to common stockholders of Jones	$	0.5	$	(1.0	)
Weighted-average shares outstanding - basic		73.4		76.1
Effect of dilutive employee restricted stock		2.5		-
Weighted-average shares outstanding - diluted		75.9		76.1
Earnings (loss) per common share attributable to Jones
Basic	$	0.01	$	(0.01	)
Diluted		0.01		(0.01	)

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SEGMENT INFORMATION

3 Months Ended

Apr. 06, 2013

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We identify operating segments based on, among other things, differences in products sold and the way our management organizes the components of our business for purposes of allocating resources and assessing performance.  Our operations are 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 our own retail locations.  The wholesale segments include wholesale operations with third party department and other retail stores, the retail segments include operations by our 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."

We define 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 SG&A costs related to the inventory transferred to those divisions where the retail operations benefit from those costs.

Summarized below are our revenues and income by reportable segment for the fiscal quarters ended April 6, 2013 and March 31, 2012.  We are an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets.  Therefore, we do not represent that these segments, if operated independently, would report the operating profit and other financial information shown below.

(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 6, 2013
Revenues	$	216.5	$	256.6	$	241.2	$	126.1		$	73.2	$	84.3		$	10.8		$	1,008.7
Segment income (loss)	$	10.2	$	34.2	$	21.9	$	(35.0	)	$	5.6	$	(8.2	)	$	(11.8	)		16.9
Net interest expense																			(16.1	)
Equity in income of unconsolidated affiliate																			0.6
Income before provision for income taxes																		$	1.4
For the fiscal quarter ended March 31, 2012
Revenues	$	233.6	$	184.8	$	225.9	$	128.1		$	73.4	$	77.9		$	12.3		$	936.0
Segment income (loss)	$	23.2	$	16.6	$	18.4	$	(22.4	)	$	9.9	$	(4.9	)	$	(0.6	)		40.2
Net interest expense																			(42.7	)
Equity in income of unconsolidated affiliate																			0.9
Loss before benefit for income taxes																		$	(1.6	)

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LONG-TERM DEBT

3 Months Ended

Apr. 06, 2013

LONG-TERM DEBT [Abstract]

LONG-TERM DEBT [Text Block]

LONG-TERM DEBT

In September 2012, we issued an additional $100.0 million of our 6.875% Senior Notes due 2019 (the "2019 Notes").  Net proceeds (including a premium of $3.5 million) were $100.9 million, which was used for general corporate purposes.  These additional notes are being treated as a single series with, and have the same terms as, the previously issued 2019 Notes and are fungible with the previously-issued 2019 Notes.

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ACCRUED RESTRUCTURING COSTS

3 Months Ended

Apr. 06, 2013

ACCRUED RESTRUCTURING COSTS [Abstract]

ACCRUED RESTRUCTURING COSTS

ACCRUED RESTRUCTURING COSTS

Jewelry

During 2009, we decided to discontinue the domestic manufacturing, product development and sourcing activities of our jewelry business, and also announced the closing of our jewelry distribution center during 2010.  The details of the jewelry restructuring accruals are as follows:

(In millions)	Lease obligations
Balance, January 1, 2012	$	1.5
Payments and reductions		(0.1	)
Balance, March 31, 2012	$	1.4
Balance, January 1, 2013	$	1.4
Payments and reductions		(0.1	)
Balance, April 6, 2013	$	1.3

The net accrual of $1.4 million at March 31, 2012 is reported as $0.4 million of accrued expenses and other current liabilities and $1.0 million of other noncurrent liabilities.  The net accrual of $1.3 million at April 6, 2013 is reported as $0.4 million of accrued expenses and other current liabilities and $0.9 million of other noncurrent liabilities.

Retail Stores

We continue to review our domestic retail operations for underperforming locations.  As a result of these reviews, we have decided to close retail locations that no longer provide strategic benefits.  During the fiscal quarter ended April 6, 2013, we decided to close 120 underperforming domestic retail locations throughout 2013 and 2014 in addition to the 50 store closings announced in the fiscal quarter ended December 31, 2012.  We expect to operate a smaller and more productive chain of domestic locations, with outlet stores comprising a significantly higher percentage of the overall retail portfolio.  We will continue to critically assess individual store profitability, including consideration of converting certain locations to brands that offer the greatest opportunity for revenue growth.

During the first fiscal quarters of 2013 and 2012, we closed 25 and 41 locations, respectively, under this plan.  Total termination benefits and associated employee costs for all locations closed since 2009 and identified to be closed are expected to be $14.1 million for approximately 2,950 employees, including both store employees and administrative support personnel.  We accrued $3.3 million and $0.8 million of termination benefits and associated employee costs during the first fiscal quarters of 2013 and 2012, respectively.  In connection with our decision to close these locations, we reviewed the associated long-term assets for impairments.  As a result of these reviews, we recorded $5.8 million and $0.4 million of impairment losses in the first fiscal quarters of 2013 and 2012, respectively, on leasehold improvements and furniture and fixtures present in the locations to be closed.  These costs are reported as SG&A expenses in the domestic retail segment.

The details of the retail store restructuring accruals are as follows:

(In millions)	Termination benefits
Balance, January 1, 2012	$	1.3
Additions		0.8
Payments and reductions		(1.0	)
Balance, March 31, 2012	$	1.1
Balance, January 1, 2013	$	0.9
Additions		3.3
Payments and reductions		(0.3	)
Balance, April 6, 2013	$	3.9

The net accruals of $1.1 million at March 31, 2012 and $3.9 million at April 6, 2013 are reported as accrued expenses and other current liabilities.

Other Cost Reduction Initiatives

During the fiscal quarter ended April 6, 2013, we implemented actions to reduce costs in certain selling, supply chain and corporate back office functions (primarily through headcount reductions) and to optimize our wholesale sportswear channel by streamlining our structure to support a brand-focused organization, including the consolidation of certain production, design and selling divisions and consolidation of distribution and supply chain facilities.  Total termination benefits and associated employee costs identified as of April 6, 2013 are expected to be $4.5 million for approximately 90 employees.  We recorded $3.9 million of employee termination costs in the fiscal quarter ended April 6, 2013.  The remaining $0.6 million will be accrued on a straight-line basis over the remaining period each affected employee is required to render service to receive the benefit.  These costs are reported as SG&A expenses and affect all of our reportable segments.  Additional actions may be taken during 2013 as we continue to assess our operations for opportunities to reduce costs and improve profitability.

The details of the cost reduction initiative accruals are as follows:

(In millions)	Termination benefits
Balance, January 1, 2013	$	-
Additions		3.9
Payments and reductions		(0.1	)
Balance, April 6, 2013	$	3.8

The net accrual of $3.8 million at April 6, 2013 is reported as accrued expenses and other current liabilities.

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EQUITY METHOD INVESTMENTS

3 Months Ended

Apr. 06, 2013

EQUITY METHOD INVESTMENTS [Abstract]

EQUITY-METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS

On June 20, 2008, we acquired a 10% equity interest in GRI Group Limited ("GRI"), an international accessories and apparel brand management and retail-distribution network, for $20.2 million.  On June 24, 2009, we increased our equity interest to 25% for an additional $15.2 million.  The selling shareholders of GRI were entitled to receive an additional cash payment equaling 60% of the amount of GRI's fiscal year 2011 net income that exceeded a certain threshold, and on June 21, 2012, we made a cash payment to them of $3.5 million in satisfaction of the obligation.  GRI is the exclusive licensee of several of our brands in Asia, including Nine West, Anne Klein, AK Anne Klein, Easy Spirit, Enzo Angiolini and Joan & David.  GRI also distributes other women's apparel, shoes and accessory brands not owned by us.  See "Accounts Receivable" for additional information regarding GRI.

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ACCOUNTS RECEIVABLE

3 Months Ended

Apr. 06, 2013

ACCOUNTS RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

Accounts receivable consist of the following:

(In millions)		April 6, 2013		March 31, 2012				December 31, 2012
Trade accounts receivable	$	482.8			$	495.0			$	408.4
Allowances for doubtful accounts, returns, discounts and co-op advertising		(36.6	)			(36.4	)			(27.4	)
	$	446.2			$	458.6			$	381.0

Due to our 25% ownership interest in GRI, GRI is deemed to be a related party.  Included in accounts receivable are amounts due from GRI in the amount of $13.3 million, $26.1 million and $15.6 million at April 6, 2013, March 31, 2012 and December 31, 2012, respectively.  Net revenues from GRI amounted to $13.0 million and $17.9 million for the fiscal quarters ended April 6, 2013 and March 31, 2012, respectively.  On April 23, 2009, we converted $10.0 million of the outstanding GRI accounts receivable to a three-year interest-bearing convertible note.  This note was repaid on April 20, 2012.

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GOODWILL

3 Months Ended

Apr. 06, 2013

GOODWILL [Abstract]

GOODWILL

GOODWILL

The following table presents, by segment and in total, the carrying amount of goodwill for the fiscal quarters ended March 31, 2012 and April 6, 2013.

(In millions)	Domestic Wholesale Sportswear		Domestic Wholesale Jeanswear			Domestic Wholesale Footwear & Accessories			Domestic Retail			International Wholesale			International Retail			Total
Balance, January 1, 2012
Goodwill	$	46.7	$	519.2		$	859.8		$	120.6		$	111.6		$	50.4		$	1,708.3
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			-			(1,453.0	)
Net goodwill		46.7		-			46.6			-			111.6			50.4			255.3
Foreign currency translation effects		-		-			-			-			1.5			1.7			3.2
Balance, March 31, 2012
Goodwill		46.7		519.2			859.8			120.6			113.1			52.1			1,711.5
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			-			(1,453.0	)
Net goodwill	$	46.7	$	-		$	46.6		$	-		$	113.1		$	52.1		$	258.5
Balance, January 1, 2013
Goodwill	$	46.7	$	519.2		$	863.0		$	120.6		$	113.5		$	52.7		$	1,715.7
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			(47.4	)		(1,500.4	)
Net goodwill		46.7		-			49.8			-			113.5			5.3			215.3
Foreign currency translation effects		-		-			-			-			(2.5	)		(0.3	)		(2.8	)
Balance, April 6, 2013
Goodwill		46.7		519.2			863.0			120.6			111.0			49.8			1,710.3
Accumulated impairment losses		-		(519.2	)		(813.2	)		(120.6	)		-			(44.8	)		(1,497.8	)
Net goodwill	$	46.7	$	-		$	49.8		$	-		$	111.0		$	5.0		$	212.5

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STATEMENT OF CASH FLOWS (Tables)

3 Months Ended

Apr. 06, 2013

STATEMENT OF CASH FLOWS [Abstract]

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Fiscal Quarter Ended	April 6, 2013			March 31, 2012
(In millions)
Supplemental disclosures of cash flow information:
Cash paid (received) during the period for:
Interest		$	24.5		$	11.9
Net income tax payments (refunds)			0.3			(8.9	)
Supplemental disclosures of non-cash investing and financing activities:
Restricted stock issued to employees			27.4			18.7
Shares withheld for taxes upon vesting of restricted stock			2.0			0.3

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DERIVATIVES Part I (Details) In Millions, unless otherwise specified	3 Months Ended																						18 Months Ended		3 Months Ended
	Apr. 06, 2013 USD ($)	Mar. 31, 2012 USD ($)	Apr. 06, 2013 Designated as Hedging Instrument [Member] USD ($)	Dec. 31, 2012 Designated as Hedging Instrument [Member] USD ($)	Mar. 31, 2012 Designated as Hedging Instrument [Member] USD ($)	Apr. 06, 2013 Not Designated as Hedging Instrument [Member] USD ($)	Dec. 31, 2012 Not Designated as Hedging Instrument [Member] USD ($)	Mar. 31, 2012 Not Designated as Hedging Instrument [Member] USD ($)	Apr. 06, 2013 Interest Rate Swaps [Member] Other Long-term Assets [Member] Designated as Hedging Instrument [Member] USD ($)	Dec. 31, 2012 Interest Rate Swaps [Member] Other Long-term Assets [Member] Designated as Hedging Instrument [Member] USD ($)	Mar. 31, 2012 Interest Rate Swaps [Member] Other Long-term Assets [Member] Designated as Hedging Instrument [Member] USD ($)	Mar. 31, 2012 Interest Rate Swaps [Member] Accrued Expenses and Other Current Liabilities [Member] Designated as Hedging Instrument [Member] USD ($)	Apr. 06, 2013 Foreign Exchange Contract [Member] Prepaid Expenses and Other Current Assets [Member] Designated as Hedging Instrument [Member] USD ($)	Dec. 31, 2012 Foreign Exchange Contract [Member] Prepaid Expenses and Other Current Assets [Member] Designated as Hedging Instrument [Member] USD ($)	Mar. 31, 2012 Foreign Exchange Contract [Member] Prepaid Expenses and Other Current Assets [Member] Designated as Hedging Instrument [Member] USD ($)	Apr. 06, 2013 Foreign Exchange Contract [Member] Prepaid Expenses and Other Current Assets [Member] Not Designated as Hedging Instrument [Member] USD ($)	Dec. 31, 2012 Foreign Exchange Contract [Member] Prepaid Expenses and Other Current Assets [Member] Not Designated as Hedging Instrument [Member] USD ($)	Mar. 31, 2012 Foreign Exchange Contract [Member] Prepaid Expenses and Other Current Assets [Member] Not Designated as Hedging Instrument [Member] USD ($)	Mar. 31, 2012 Foreign Exchange Contract [Member] Accrued Expenses and Other Current Liabilities [Member] Designated as Hedging Instrument [Member] USD ($)	Apr. 06, 2013 Interest Rate Cap [Member] Other Long-term Assets [Member] Not Designated as Hedging Instrument [Member] USD ($)	Dec. 31, 2012 Interest Rate Cap [Member] Other Long-term Assets [Member] Not Designated as Hedging Instrument [Member] USD ($)	Mar. 31, 2012 Interest Rate Cap [Member] Other Long-term Assets [Member] Not Designated as Hedging Instrument [Member] USD ($)	Jun. 08, 2012 Interest Rate Swaps on 2014 Notes [Member] USD ($)	Dec. 17, 2010 Interest Rate Swaps on 2014 Notes [Member] USD ($)	May 31, 2012 Interest Rate Swaps on 2019 Notes [Member] USD ($)	Mar. 21, 2012 Interest Rate Swaps on 2019 Notes [Member] USD ($)	Apr. 06, 2013 Canadian Dollar U.S. Dollar Forward Contracts [Member] USD ($)	Dec. 31, 2012 Canadian Dollar U.S. Dollar Forward Contracts [Member] USD ($)	Mar. 31, 2012 Canadian Dollar U.S. Dollar Forward Contracts [Member] USD ($)	Apr. 06, 2013 British Pound - U.S. Dollar Forward Exchange Contracts [Member] GBP (£)	Dec. 31, 2012 British Pound - U.S. Dollar Forward Exchange Contracts [Member] GBP (£)	Mar. 31, 2012 British Pound - U.S. Dollar Forward Exchange Contracts [Member] GBP (£)
Derivative [Line Items]
Number of interest rate swap transactions																								3		3
Amount of hedged item related to derivative																								$ 250		$ 150
Fixed interest rate related to derivative																								5.125%		6.875%
Variable interest rate related to derivative																							three-month LIBOR rates (which were reset on the 15th day of each calendar quarter) plus 3.46%		one-month LIBOR rates (which were reset on the 15th day of each calendar quarter) plus 5.195%
Amount received upon termination of swaps																							5.7		3.5
Increase in interest expense related to ineffectiveness of swap	0	1.5
Increase in fair value of interest rate cap	0	0.1
Net increase in interest expense related to derivatives	0	1.6
Notional amounts of foreign exchange contracts outstanding																											12.1	16.1	15.2	6.0	6.0	0
Derivatives, Fair Value [Line Items]
Derivative assets			0.4	0.2	5.9	0.5	0	0.1	0	0	5.9		0.4	0.2	0	0.5	0	0		0	0	0.1
Derivative liabilities					$ 0.4							$ 0.3							$ 0.1

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STATEMENT OF CASH FLOWS

3 Months Ended

Apr. 06, 2013

STATEMENT OF CASH FLOWS [Abstract]

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS

Fiscal Quarter Ended	April 6, 2013			March 31, 2012
(In millions)
Supplemental disclosures of cash flow information:
Cash paid (received) during the period for:
Interest		$	24.5		$	11.9
Net income tax payments (refunds)			0.3			(8.9	)
Supplemental disclosures of non-cash investing and financing activities:
Restricted stock issued to employees			27.4			18.7
Shares withheld for taxes upon vesting of restricted stock			2.0			0.3

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NEW ACCOUNTING STANDARDS

3 Months Ended

Apr. 06, 2013

NEW ACCOUNTING STANDARDS [Abstract]

NEW ACCOUNTING STANDARDS [Text Block]

NEW ACCOUNTING STANDARDS

In March 2013, the FASB issued ASU 2013-05, "Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity."  ASU 2013-05 requires an entity to release any related cumulative translation adjustment into net income when it ceases to have a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided.  For an equity method investment that is a foreign entity, a pro rata portion of the cumulative translation adjustment should be released into net income upon a partial sale of such an equity method investment.  Additionally, the amendments clarify that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (that is, irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition).  Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events.

For public entities, the amendments are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013.  Early adoption is permitted.  If an entity elects to early adopt the amendments, it should apply them as of the beginning of the entity's fiscal year of adoption.

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CREDIT FACILITIES (Details) (USD $) In Millions, unless otherwise specified	Apr. 06, 2013
Line of Credit Facility [Line Items]
Maximum aggregate principal amount	$ 650
Remaining availability for borrowings	456.7
Amount outstanding under credit facility	64.5
Letters Of Credit Outstanding	18.3
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Maximum subfacility available under the credit facility	350
Standby Letters of Credit [Member]
Line of Credit Facility [Line Items]
Maximum subfacility available under the credit facility	50
Trade Letters of Credit [Member]
Line of Credit Facility [Line Items]
Maximum subfacility available under the credit facility	350
Domestic Line of Credit [Member]
Line of Credit Facility [Line Items]
U.S. commitment drawable by U.S. borrowers as revolving loans or letters of credit	350
Line Of Credit Facility Maximum Availability For Letters Of Credit Under US Commitment Denominated In Alternative Currency	150
Foreign Line of Credit [Member]
Line of Credit Facility [Line Items]
International commitment drawable by U.S., Canadian, or European borrowers as revolving loans or letters of credit	$ 300

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ACQUISITIONS (Details) (USD $) In Millions, unless otherwise specified			3 Months Ended		0 Months Ended
	Jul. 02, 2012 Atwood Italia S.r.l. [Member]	Jul. 02, 2012 Brian Atwood Related Intellectual Property [Member]	Apr. 06, 2013 Brian Atwood [Member]	Jul. 02, 2012 Brian Atwood [Member]	Jul. 02, 2012 Brian Atwood [Member] Trademarks [Member]	Jul. 02, 2012 Brian Atwood [Member] Customer Relationships [Member]	Jul. 02, 2012 Brian Atwood [Member] Order Backlog [Member]
Business Acquisition [Line Items]
Percentage of equity interests acquired (in hundredths)	100.00%	80.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		20.00%
Cost of acquired entity, Cash Paid				$ 5
Business acquisition, amount of purchase price deferred				0.5
Business acquisition, portion of deferred purchase price paid			0.2
Business Acquisition, Purchase Price Allocation [Abstract]
Cash				0.6
Accounts receivable				0.5
Other current assets				0.4
Property, plant and equipment				0.1
Acquired Intangible Assets [Line Items]
Finite-live intangible assets					7.5	0.4	0.7
Goodwill				3.2
Weighted-average amortization life					240 months	6 months	3 months
Total assets acquired				13.4
Accounts payable				1.7
Notes payable				2.8
Other current liabilities				1.8
Deferred taxes				0.3
Other long-term liabilities				0.1
Total liabilities assumed				6.7
Fair value of noncontrolling interest				1.2
Total purchase price				5.5
Gross contractual accounts receivable acquired				$ 0.5

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 06, 2013	Mar. 31, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income (loss)	$ 0.9	$ (1.0)
Other comprehensive (loss) income:
Change in fair value of cash flow hedges, net of $(0.1) and $0.1 tax (provision) benefit	0.2	(0.1)
Reclassification adjustment for hedge gains and losses included in net income, net of tax	(0.1)	0
Pension and postretirement liability adjustments, net of $0.1 and $0.0 tax benefit	0.2	0
Foreign currency translation adjustments	(9.2)	9.4
Total other comprehensive (loss) income	(8.9)	9.3
Comprehensive (loss) income	$ (8.0)	$ 8.3

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BASIS OF PRESENTATION

3 Months Ended

Apr. 06, 2013

BASIS OF PRESENTATION [Abstract]

BASIS OF PRESENTATION

BASIS OF PRESENTATION

The consolidated financial statements include the accounts of The Jones Group Inc. and its subsidiaries.  The financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") for interim financial information and in accordance with the requirements of Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  The consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and the footnotes thereto included within our Annual Report on Form 10-K.

In our opinion, the information presented reflects all adjustments necessary for a fair statement of interim results.  All such adjustments are of a normal and recurring nature.  The foregoing interim results are not necessarily indicative of the results of operations for the full year ending December 31, 2013.

Distribution costs.  Our cost of sales may not be comparable to those of other entities, since some entities include all of the costs associated with their distribution functions in cost of sales while we include these costs in selling, general and administrative ("SG&A") expenses.  Distribution costs included in SG&A expenses for the fiscal quarters ended April 6, 2013 and March 31, 2012 were $25.8 million and $23.6 million, respectively.

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EARNINGS PER SHARE (Tables)

3 Months Ended

Apr. 06, 2013

EARNINGS PER SHARE [Abstract]

Schedule Of Earnings Per Share Basic And Diluted

The computation of basic and diluted earnings per share is as follows:

(In millions, except per share amounts)	Fiscal Quarter Ended
	April 6, 2013		March 31, 2012
Net income (loss)	$	0.9	$	(1.0	)
Less: income attributable to noncontrolling interest		0.4		0.2
Income (loss) attributable to Jones		0.5		(1.2	)
Less: income (loss) allocated to participating securities		-		(0.2	)
Income (loss) available to common stockholders of Jones	$	0.5	$	(1.0	)
Weighted-average shares outstanding - basic		73.4		76.1
Effect of dilutive employee restricted stock		2.5		-
Weighted-average shares outstanding - diluted		75.9		76.1
Earnings (loss) per common share attributable to Jones
Basic	$	0.01	$	(0.01	)
Diluted		0.01		(0.01	)

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SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION (Tables)

3 Months Ended

Apr. 06, 2013

SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION [Abstract]

Condensed Consolidating Financial Statements

The following condensed consolidating balance sheets, statements of operations, statements of consolidated comprehensive income and statements of cash flows for the "Issuers" (consisting of Jones and Jones USA, Jones Holdings, JAG Footwear, which are all our subsidiaries that act as co-issuers and co-obligors) and the "Others" (consisting of all of our other subsidiaries, excluding all obligor subsidiaries) have been prepared using the equity method of accounting in accordance with the requirements for presentation of such information.  Separate financial statements and other disclosures concerning Jones are not presented as Jones has no independent operations or assets.  There are no contractual restrictions on distributions from Jones USA, Jones Holdings or JAG Footwear to Jones.

Condensed Consolidating Balance Sheets

(In millions)

	April 6, 2013												December 31, 2012
	Issuers			Others			Elim- inations			Cons- olidated			Issuers			Others		Elim- inations			Cons- olidated
ASSETS
Current assets:
Cash and cash equivalents	$	10.8		$	33.9		$	-		$	44.7		$	82.6		$	67.0	$	-		$	149.6
Accounts receivable		237.3			208.9			-			446.2			191.0			190.0		-			381.0
Inventories		284.9			214.4			(1.0	)		498.3			261.7			226.2		(1.2	)		486.7
Prepaid and refundable income taxes		8.8			0.6			(5.5	)		3.9			18.6			0.3		(13.4	)		5.5
Deferred taxes		23.3			12.9			-			36.2			17.9			15.3		-			33.2
Prepaid expenses and other current assets		25.6			22.8			(1.0	)		47.4			23.6			18.2		(1.1	)		40.7
Total current assets		590.7			493.5			(7.5	)		1,076.7			595.4			517.0		(15.7	)		1,096.7
Property, plant and equipment		59.1			206.5			-			265.6			64.6			213.5		-			278.1
Due from affiliates		-			393.8			(393.8	)		-			-			319.0		(319.0	)		-
Goodwill		49.9			162.6			-			212.5			49.9			165.4		-			215.3
Other intangibles		5.8			849.0			-			854.8			6.0			863.7		-			869.7
Deferred taxes		91.7			-			(91.7	)		-			93.0			-		(93.0	)		-
Investments in subsidiaries		1,805.3			41.8			(1,805.3	)		41.8			1,745.6			38.9		(1,745.6	)		38.9
Other assets		65.9			26.8			-			92.7			67.7			29.1		-			96.8
Total assets	$	2,668.4		$	2,174.0		$	(2,298.3	)	$	2,544.1		$	2,622.2		$	2,146.6	$	(2,173.3	)	$	2,595.5
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings	$	64.5		$	-		$	-		$	64.5		$	-		$	-	$	-		$	-
Current portion of long-term debt and capital lease obligations		-			2.2			-			2.2			-			2.2		-			2.2
Current portion of acquisition consideration payable		20.8			-			-			20.8			30.3			-		-			30.3
Accounts payable		124.3			83.9			-			208.2			156.2			101.3		-			257.5
Income taxes payable		10.7			15.0			(25.7	)		-			22.1			12.9		(33.6	)		1.4
Accrued expenses and other current liabilities		65.0			63.6			(1.0	)		127.6			79.1			82.8		(1.1	)		160.8
Total current liabilities		285.3			164.7			(26.7	)		423.3			287.7			199.2		(34.7	)		452.2
Long-term debt		932.0			-			-			932.0			934.4			-		-			934.4
Obligations under capital leases		-			20.7			-			20.7			-			21.3		-			21.3
Income taxes payable		0.5			-			-			0.5			0.5			-		-			0.5
Deferred taxes		-			159.3			(97.7	)		61.6			-			155.7		(99.0	)		56.7
Acquisition consideration payable		3.2			-			-			3.2			6.0			-		-			6.0
Due to affiliates		393.8			-			(393.8	)		-			319.0			-		(319.0	)		-
Other		89.5			24.0			-			113.5			93.1			25.0		-			118.1
Total liabilities		1,704.3			368.7			(518.2	)		1,554.8			1,640.7			401.2		(452.7	)		1,589.2
Redeemable noncontrolling interest		-			0.6			-			0.6			-			0.6		-			0.6
Equity:
Common stock and additional paid-in capital		522.1			929.7			(929.7	)		522.1			521.6			948.0		(948.0	)		521.6
Retained earnings		468.8			879.9			(856.4	)		492.3			477.8			793.1		(769.8	)		501.1
Accumulated other comprehensive  (loss) income		(26.8	)		(6.0	)		6.0			(26.8	)		(17.9	)		2.8		(2.8	)		(17.9	)
Total Jones stockholders' equity		964.1			1,803.6			(1,780.1	)		987.6			981.5			1,743.9		(1,720.6	)		1,004.8
Noncontrolling interests		-			1.1			-			1.1			-			0.9		-			0.9
Total equity		964.1			1,804.7			(1,780.1	)		988.7			981.5			1,744.8		(1,720.6	)		1,005.7
Total liabilities and equity	$	2,668.4		$	2,174.0		$	(2,298.3	)	$	2,544.1		$	2,622.2		$	2,146.6	$	(2,173.3	)	$	2,595.5

Condensed Consolidating Statements of Operations

(In millions)

	Fiscal Quarter Ended April 6, 2013										Fiscal Quarter Ended March 31, 2012
	Issuers			Others		Elim- inations			Cons- olidated		Issuers			Others			Elim- inations			Cons- olidated
Net sales	$	577.8		$	424.8	$	(5.0	)	$	997.6	$	570.6		$	359.6		$	(6.8	)	$	923.4
Licensing income		0.1			10.7		-			10.8		-			12.3			-			12.3
Other revenues		0.3			-		-			0.3		0.3			-			-			0.3
Total revenues		578.2			435.5		(5.0	)		1,008.7		570.9			371.9			(6.8	)		936.0
Cost of goods sold		389.6			273.7		(3.0	)		660.3		377.3			218.9			(3.7	)		592.5
Gross profit		188.6			161.8		(2.0	)		348.4		193.6			153.0			(3.1	)		343.5
Selling, general and administrative expenses		227.6			106.2		(2.3	)		331.5		206.7			98.8			(2.2	)		303.3
Operating (loss) income		(39.0	)		55.6		0.3			16.9		(13.1	)		54.2			(0.9	)		40.2
Net interest expense (income) and financing costs		14.8			1.3		-			16.1		43.2			(0.5	)		-			42.7
Equity in income of unconsolidated affiliate		-			0.6		-			0.6		-			0.9			-			0.9
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries		(53.8	)		54.9		0.3			1.4		(56.3	)		55.6			(0.9	)		(1.6	)
(Benefit) provision for income taxes		(20.2	)		20.6		0.1			0.5		(15.9	)		15.7			(0.4	)		(0.6	)
Equity in earnings of subsidiaries		33.9			-		(33.9	)		-		39.9			-			(39.9	)		-
Net income (loss)		0.3			34.3		(33.7	)		0.9		(0.5	)		39.9			(40.4	)		(1.0	)
Less: income attributable to  noncontrolling interest		-			0.4		-			0.4		-			0.2			-			0.2
Income (loss) attributable to Jones	$	0.3		$	33.9	$	(33.7	)	$	0.5	$	(0.5	)	$	39.7		$	(40.4	)	$	(1.2	)

Condensed Consolidating Statements of Other Comprehensive (Loss) Income

(In millions)

	Fiscal Quarter Ended April 6, 2013												Fiscal Quarter Ended March 31, 2012
	Issuers			Others			Elim- inations			Cons- olidated			Issuers			Others			Elim- inations			Cons- olidated
Net (loss) income	$	0.3		$	34.3		$	(33.7	)	$	0.9		$	(0.5	)	$	39.9		$	(40.4	)	$	(1.0	)
Other comprehensive (loss) income:
Pension and postretirement liability adjustments, net of tax		0.2			-			-			0.2			-			-			-			-
Change in fair value of cash flow hedges, net of tax		0.2			0.2			(0.2	)		0.2			(0.1	)		(0.1	)		0.1			(0.1	)
Reclassification adjustment for hedge gains and losses included in net income, net of tax		(0.1	)		(0.1	)		0.1			(0.1	)		-			-			-			-
Foreign currency translation adjustments		(9.2	)		(9.2	)		9.2			(9.2	)		9.4			9.4			(9.4	)		9.4
Total other comprehensive (loss) income		(8.9	)		(9.1	)		9.1			(8.9	)		9.3			9.3			(9.3	)		9.3
Comprehensive (loss) income	$	(8.6	)	$	25.2		$	(24.6	)	$	(8.0	)	$	8.8		$	49.2		$	(49.7	)	$	8.3

Condensed Consolidating Statements of Cash Flows

(In millions)

	Fiscal Quarter Ended April 6, 2013											Fiscal Quarter Ended March 31, 2012
	Issuers			Others			Elim- inations		Cons- olidated			Issuers			Others			Elim- inations			Cons- olidated
Net cash (used in) provided by operating activities	$	(116.7	)	$	(20.0	)	$	-	$	(136.7	)	$	(67.9	)	$	10.9		$	(2.8	)	$	(59.8	)
Cash flows from investing activities:
Capital expenditures		(3.9	)		(12.4	)		-		(16.3	)		(3.9	)		(14.3	)		-			(18.2	)
Other		(0.2	)		-			-		(0.2	)		-			(0.2	)		-			(0.2	)
Net cash used in investing activities		(4.1	)		(12.4	)		-		(16.5	)		(3.9	)		(14.5	)		-			(18.4	)
Cash flows from financing activities:
Net increase in short-term borrowings		64.5			-			-		64.5			-			-			-			-
Dividends paid		(4.0	)		-			-		(4.0	)		(4.0	)		(2.8	)		2.8			(4.0	)
Repurchase of common shares		(9.0	)		-			-		(9.0	)		(8.9	)		-			-			(8.9	)
Payments of acquisition consideration payable		(2.5	)		-			-		(2.5	)		-			(2.0	)		-			(2.0	)
Other items, net		-			(0.7	)		-		(0.7	)		2.1			(0.6	)		-			1.5
Net cash provided by (used in) financing activities		49.0			(0.7	)		-		48.3			(10.8	)		(5.4	)		2.8			(13.4	)
Effect of exchange rates on cash		-			-			-		-			-			(0.1	)		-			(0.1	)
Net decrease in cash and cash equivalents		(71.8	)		(33.1	)		-		(104.9	)		(82.6	)		(9.1	)		-			(91.7	)
Cash and cash equivalents, beginning		82.6			67.0			-		149.6			195.8			43.0			-			238.8
Cash and cash equivalents, ending	$	10.8		$	33.9		$	-	$	44.7		$	113.2		$	33.9		$	-		$	147.1

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DERIVATIVES

3 Months Ended

Apr. 06, 2013

DERIVATIVES [Abstract]

DERIVATIVES

DERIVATIVES

We recognize all derivatives as either assets or liabilities on the balance sheet and measure those instruments at fair value.  Additionally, the fair value adjustments will affect either equity or net income, depending on whether the derivative instrument qualifies as a hedge for accounting purposes and, if so, the nature of the hedging activity.

Interest Rate Swaps and Caps

On December 14, 2010, we entered into three interest rate swap transactions to effectively convert the entire amount of our $250 million fixed-rate 5.125% Senior Notes due 2014 (the "2014 Notes") to variable-rate debt.  Under the terms of the transactions, we were required to make semiannual variable-rate payments to the counterparties calculated based on three-month LIBOR rates (which were reset on the 15^th day of each calendar quarter) plus 3.46%, and the counterparties were obligated to make semiannual fixed-rate payments to us of 5.125%.  The swap transactions had an effective date of December 17, 2010 and a termination date of November 15, 2014, the date the 2014 Notes mature.  On June 8, 2012, we de-designated the hedging relationship between the swaps and the 2014 Notes and received $5.7 million upon termination of the swaps.  The related fair market valuation adjustment to the 2014 Notes is being amortized as a reduction of interest expense over the remaining life of the 2014 notes.

On March 19, 2012, we entered into three interest rate swap transactions to effectively convert $150 million of our 2019 Notes to variable-rate debt.  Under the terms of the transactions, we were required to make semiannual variable-rate payments to the counterparties calculated based on one-month LIBOR rates (which were reset on the 15^th day of each calendar quarter) plus 5.195%, and the counterparties were obligated to make semiannual fixed-rate payments to us of 6.875%.  The swap transactions had an effective date of March 21, 2012 and a termination date of March 15, 2019, the date the 2019 Notes mature.  On May 31, 2012, we de-designated the hedging relationship between the swaps and the 2019 Notes and received $3.5 million upon termination of the swaps.  The related fair market valuation adjustment to the 2019 Notes is being amortized as a reduction of interest expense over the remaining life of the 2019 Notes.

The swap transactions were designated as hedges of the fair value of the related notes.  The fair values of the swaps were recorded either as an asset or a liability, with changes in their fair values recorded through interest expense.  The changes in fair value of the notes related to the hedged portion of the notes were also recorded through interest expense.  As these changes in fair value did not exactly offset each other, the net effect on earnings represented the ineffectiveness of the hedging instruments.  We evaluate effectiveness under the "long haul" method of accounting.  The interest rate cap has not been designated as a hedging instrument; as a result, all changes in the fair value of the cap are recorded through interest expense.

We recorded net increases in interest expense related to the ineffectiveness of the swaps and the changes in the fair value of the cap as follows.

(In millions)	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
Interest rate swaps		$	-		$	1.5
Interest rate cap			-			0.1
Net increase in interest expense		$	-		$	1.6

Foreign Currency Forward Contracts

We use foreign currency forward contracts for the specific purpose of hedging the exposure to variability in forecasted cash flows associated primarily with inventory purchases.  Fair values of foreign currency forward contracts are calculated by comparing each agreement's contractual exchange rate with the currency exchange forward and spot rates at the reporting date.

We have outstanding forward contracts to exchange Canadian Dollars for U.S. Dollars.  These contracts are designated as cash flow hedges, as the principal terms of the contracts are the same as the underlying forecasted foreign currency cash flows.  Therefore, changes in the fair value of these forward contracts should be highly effective in offsetting changes in the expected foreign currency cash flows.  Changes in the fair value of these contracts are recorded in accumulated other comprehensive income, net of related tax effects, with the corresponding asset or liability recorded in the balance sheet.  Amounts recorded in accumulated other comprehensive income are reflected in current-period earnings when the hedged transaction affects earnings.

Since the foreign currency derivatives we use in our risk management strategies are highly effective hedges because all the critical terms of the derivative instruments match those of the hedged item, we record no ineffectiveness related to our cash flow hedges.  If foreign currency exchange rates do not change from their April 6, 2013 amounts, we estimate that any reclassifications from other comprehensive income to earnings within the next 12 months will not be material.

We also currently have outstanding forward contracts to exchange British Pounds for U.S. Dollars.  These contracts have not been designated as hedges.  Therefore, changes in the fair value of these contracts are recorded through earnings, with the corresponding asset or liability recorded in the balance sheet.

The notional amounts of our foreign exchange contracts outstanding at April 6, 2013, March 31, 2012 and December 31, 2012 are as follows.  For additional information, see "Fair Values."

(In millions)	Notional Amounts
	April 6, 2013			March 31, 2012		December 31, 2012
Canadian Dollar – U.S. Dollar forward exchange contracts	US$12.1			US$15.2		US$16.1
British Pound – U.S. Dollar forward exchange contracts		£	6.0		-		£	6.0

Fair Values of Derivative Instruments

(In millions)	April 6, 2013			March 31, 2012			December 31, 2012
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate swap contracts		$	-	Other long-term assets	$	5.9		$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.4			-	Prepaid expenses and other current assets		0.2
Total derivative assets		$	0.4		$	5.9		$	0.2
Interest rate swap contracts				Other long-term liabilities	$	0.3
Foreign exchange contracts				Accrued expenses and other current liabilities		0.1
Total derivative liabilities					$	0.4
Derivatives not designated as hedging instruments
Interest rate cap contract	Other long-term assets	$	-	Other long-term assets	$	0.1	Other long-term assets	$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.5			-			-
Total derivative assets		$	0.5		$	0.1		$	-

Effect of Derivatives on the Statement of Operations - Derivatives Designated as Hedging Instruments

(In millions)		Amount of Pretax (Loss) due to Ineffectiveness Recognized in Income
Derivative type	Location of Pretax (Loss) due to Ineffectiveness Recognized in Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Interest rate swap contracts	Interest expense		$	-		$	(1.5	)

(In millions)	Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income								Amount of Pretax Gain (Loss) Reclassified from Other Comprehensive Income into Income
Derivative type	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012				Location of Pretax (Loss) Reclassified from Other Comprehensive Income into Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Canadian Dollar – U.S. Dollar forward contracts		$	0.2		$	(0.1	)	Cost of sales		$	0.1		$	-

Effect of Derivatives on the Statement of Operations - Derivatives Not Designated as Hedging Instruments

(In millions)		Amount of Pretax Gain (Loss) Recognized in Income
Derivative type	Location of Pretax Gain (Loss) Recognized in Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Interest rate cap contract	Interest expense		$	-		$	(0.1	)
British Pound – U.S. Dollar forward contracts	Selling, general and administrative expenses			0.5			-