In the Spotlight - Taking note that the more upscale department stores have been losing customers to moderately priced and discount retail stores, Jones Apparel Group has been following a strategy of distribution channel diversification. With its recent acquisition of Gloria Vanderbilt Apparel, it gains a well-recognized brand and augments its product offerings for middle-class shoppers.
Year of publication:
Mergers & acquisitions. - New York, NY : Investment Dealers' Digest, ISSN 0026-0010, ZDB-ID 8628555. - Vol. 37.2002, 5, p. 31