Footwear and apparel business The Jones Group has confirmed it will axe 92 jobs at a distribution facility in Tennessee over the next few months.
Footwear and apparel business The Jones Group has confirmed it will axe 92 jobs at a distribution facility in Tennessee over the next few months.
Some 73 people have volunteered to leave, the company confirmed to just-style today (7 August). The company also said it is offering a severance package to all affected employees.
More than 300 people are employed at the facility in Tennessee, the local press reported. The shipments will instead relocate to California, Jones Group noted. The 92 employees – one-third of the facility’s workforce – will leave on 8 October.
The news comes as the firm, which owns the Nine West, Anne Klein, Rachel Roy and Kurt Geiger brands, has been evaluating its retail portfolio.
Last month, the Jones Group posted a 55% jump in second-quarter net profit, despite booking a decline in revenue. Meanwhile, gross margin improved 180 basis points.