EXHIBIT 99.1

FOR IMMEDIATE RELEASE
The Jones Group Inc.

Investor Contact:
John T. McClain, Chief Financial Officer
The Jones Group
(212) 642-3860

Media Contacts:
Joele Frank and Sharon Stern
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

THE JONES GROUP INC. REPORTS 2010 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

New York, New York - February 9, 2011 - The Jones Group Inc. (NYSE: JNY) today reported results for the fourth quarter and year ended December 31, 2010. Revenues for the fourth quarter of 2010 were $874 million, as compared with $777 million for the fourth quarter of 2009. Revenues for the full year 2010 were $3,643 million, as compared with $3,327 million for the full year 2009. The fourth quarter increase in revenues of 12.5% was as anticipated and reflective of increases in each business segment and the inclusion of the Stuart Weitzman business, which was acquired in June 2010.

The Company reported adjusted earnings per share ("EPS") of $0.04 for the fourth quarter of 2010, as compared with adjusted earnings per share of $0.11 for the same period last year. Adjusted earnings per share from continuing operations on a full year basis were $1.51 in 2010 as compared with $1.14 per share in the prior year. The adjusted results exclude charges related to the impairments of certain intangible assets, the impact of severance and other costs related to restructuring activities, certain acquisition-related costs and other costs not considered relevant for period-over-period comparisons (see reconciliation of adjusted earnings to reported earnings in the accompanying schedule).

As reported under generally accepted accounting principles ("GAAP"), the Company reported a fourth quarter loss per share of ($0.47) and ($1.53) for 2010 and 2009, respectively. On a full year basis, the Company reported GAAP earnings of $0.62 per share for 2010 as compared with a loss of ($1.02) per share for 2009. The results for both periods include non-cash impairment charges relating to certain trademarks and, in 2009, also for goodwill. The non-cash impairment charges for 2010 of $38 million ($24 million after tax) were primarily related to our Wholesale Jeanswear business whereas the charges for 2009 of approximately $150 million ($138 million after tax) were related to our Retail, Wholesale Jeanswear and Wholesale Footwear and Accessories businesses. Such charges in both periods were a result of the Company's required annual testing under GAAP.

Wesley R. Card, The Jones Group Chief Executive Officer, stated: "While the fourth quarter had its challenges, we had solid sales growth in our core brands and performed well against a challenging retail landscape. Jones' portfolio is powerful, and we are consistently enhancing our brands' appeal and performance, as reflected in our topline results. In addition, our newly acquired Stuart Weitzman business had strong results for the quarter and is very well positioned for further growth in 2011. As we noted in our preliminary earnings announcement, margins for the fourth quarter were impacted by a more promotional environment than anticipated and a softer market for excess inventory, coupled with an anticipated rise in product costs."

Cash provided by operating activities during 2010 was $141 million, compared with $349 million in 2009. The current year results reflect higher earnings offset by an investment in working capital required to fund revenue growth and higher tax payments. The Company had $200 million in cash and no amounts drawn under its $650 million of committed revolving credit facilities.

John T. McClain, The Jones Group Chief Financial Officer, commented: "Our financial position remains strong. We ended the year with $200 million in cash and our revolver undrawn. As our business is growing, we have made an investment in working capital, and we will continue to carefully monitor that investment and maintain a prudent management of inventories and expenses throughout 2011 in order to conserve cash and improve margins. We enter 2011 with a more conservative, tightened buy plan and are now well-positioned with our inventory."

The Company noted that it closed 44 retail locations in the 2010 fourth quarter to end the year with 803 locations (which includes acquired Stuart Weitzman locations). Consistent with its plan, the Company closed 194 locations in 2010.

The following notable events have recently occurred:

• we entered into an exclusive licensing agreement to design, develop, produce and distribute Jessica Simpson Sportswear under the Jessica Simpson Collection;
• we entered into an agreement with Mexico's Liverpool department store to exclusively carry Jones New York in Mexico beginning with the spring 2011 line;
• we are introducing Jones New York in Spain's El Cortes Ingles department store in March 2011; and
• we continued to add to our talent by appointing Sally Ross as Executive Vice President of Nine West Direct Merchandising.
  

Mr. Card concluded: "Looking at 2011, the economic indicators continue to point to a slow and gradual improvement, but there will be many challenges ahead including continued cost pressures and consumer reaction to higher prices. We have the right elements in place to build the most powerful portfolio of brands in fashion and deliver value, exceptional talent, best-in class products, smart branding strategies and diversified distribution channels worldwide. We are confident that our brands will achieve growth throughout 2011, and will support the bottom line through selective price increases, logistics enhancements and the maintenance of a lean operating structure."

The Company's Board of Directors has declared a regular quarterly cash dividend of $0.05 per share to all common stockholders of record as of February 25, 2011, for payment on March 11, 2011.

The Company will host a conference call with management to discuss these results at 8:30 a.m. eastern time today, which is accessible by dialing 412-858-4600 or through a web cast at www.jonesgroupinc.com (under Investor Relations/Conference Schedule). The call will be recorded and made available through February 17, 2011 and may be accessed by dialing 877-344-7529. Enter account number 447727. A slide presentation will accompany the prepared remarks and has been posted with the webcast on the Company's website.

Presentation of Information in the Press Release

Financial information discussed in this press release includes both GAAP and non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported results and are intended to illustrate what management believes are relevant period-over-period comparisons. A complete reconciliation of reported GAAP results to the comparable non-GAAP information appears in the financial tables section of this press release.

About The Jones Group Inc.

The Jones Group Inc. (www.jonesgroupinc.com) is a leading global designer, marketer and wholesaler of over 35 brands with best-in-class product expertise across five divisions: apparel, footwear, jeanswear, jewelry and handbags. The Jones Group has a reputation for innovation, excellence in product quality and value, operational execution and talent. The Company also markets directly to consumers through branded specialty retail and outlet stores and through its e-commerce sites.

The Company's nationally recognized brands and licensing agreements (L) include: Nine West, Jones New York, Anne Klein, Rachel Roy (L), Robert Rodriguez, Robbi & Nikki, Stuart Weitzman, B Brian Atwood (L), Boutique 9, Easy Spirit, Gloria Vanderbilt, l.e.i, Bandolino, Enzo Angiolini, Nine & Co., GLO, Joan & David, Joneswear, Andrew Marc/Marc Moto (L), Kasper, Energie, Evan Picone, Le Suit, Mootsies Tootsies, Grane, Erika, Napier, Jessica Simpson (L), Dockers (L), Sam & Libby, Givenchy (L), Judith Jack, Albert Nipon and Pappagallo.

Forward Looking Statements
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding the Company's 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 the Company's 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 the Company's 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 the Company's products within the prevailing retail environment;
• customer acceptance of both new designs and newly-introduced product lines;
• the Company's reliance on a few department store groups for large portions of the Company's business;
• the Company's 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 businesses into the Company's existing organization and operations;
• consolidation of the Company's retail customers;
• financial difficulties encountered by the Company's customers;
• the effects of vigorous competition in the markets in which the Company operates;
• the Company's ability to attract and retain qualified executives and other key personnel;
• the Company's reliance on independent foreign manufacturers, including political instability in countries where contractors and suppliers are located;
• changes in the costs of raw materials, labor, advertising and transportation;
• the general inability to obtain higher wholesale prices for the Company's products that the Company has experienced for many years;
• the Company's ability to successfully implement new operational and financial computer systems; and
• the Company's ability to secure and protect trademarks and other intellectual property rights.

A further description of these risks and uncertainties and other important factors that could cause actual results to differ materially from the Company's expectations can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, including, but not limited to, the Statement Regarding Forward-Looking Disclosure and Item 1A-Risk Factors therein, and in the Company's other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such expectations may prove to be incorrect. The Company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

THE JONES GROUP INC.
CONSOLIDATED OPERATING RESULTS
 

All amounts in millions, except per share data

Percentages may not add due to rounding.

THE JONES GROUP INC.
Reconciliation of Non-GAAP Measures to GAAP
for the quarter and twelve months ended December 31, 2010 and 2009

THE JONES GROUP INC.
SEGMENT INFORMATION
(UNAUDITED)

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THE JONES GROUP INC.
SEGMENT INFORMATION

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THE JONES GROUP INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

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THE JONES GROUP INC.
CONDENSED STATEMENTS OF CASH FLOWS
 

All amounts in millions