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What: Shares of fashionista The Jones Group
So What: Jones has been struggling in recent years under the weight of strapped customers and hefty goodwill writedowns. While the company appears to be getting its footing back to some extent -- sales were up 19% from the prior year -- rising costs dragged down margins across the board. Adjusting for one-time costs such as retail store closures and acquisitions, the company reported $0.54 in per-share earnings, well short of analysts' $0.62 expectation.
Now What: Just yesterday we watched shares of Coach
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