The Jones Group
YTD Return: +46%
Next up, we have The Jones Group (JNY) — the name behind brands like Nine West, Easy Spirit, Jones New York, Evan-Picone, Norton McNaughton and more.
JNY shares currently sit around $16 — 50% more than what it was worth at the start of the year, but still only a third of what the stock was worth at the turn of the century.
Jones is cutting back its operations, with plans to close 170 stores by mid-2014 — around 30% of its overall count. That, coupled with the slashing of 8% of Jones’ work force, is expected to generate $40 million in savings for the company, which lost money last year. Some also suspect that selling off brands could be the next step for Jones’ comeback. While it has 35 brands, around 12 make up 80% of sales.
Jones is exploring another solution, too: The stock jumped last week on news that it hired Citigroup to explore a potential sale of the company.
Then again, the retailer looked into a similar move back in 2006, but to no avail.