Jones Apparel Group and Steven Madden Sign License Agreement for l.e.i. Footwear
Tuesday, August 12, 2008 6:04 PM
Symbols: JNY, SHOO

NEW YORK, Aug. 12 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc. (NYSE: JNY) announced today that it has expanded its l.e.i. franchise by signing an exclusive license agreement with Steven Madden, Ltd. (Nasdaq: SHOO) which will design, manufacture and distribute a collection of junior and girls footwear under the l.e.i. brand. The collection will be distributed exclusively to Wal-Mart stores nationwide beginning Spring 2009.

Wesley R. Card, Jones Apparel Group President and Chief Executive Officer, stated, 'l.e.i. footwear is the first of many planned category extensions intended to leverage the strength of l.e.i. as a branded resource across relevant categories together with Wal-Mart. We believe the junior and girl's customers recently discovering l.e.i. at Wal-Mart will be excited to accessorize their denim with trend right footwear at affordable prices. We are pleased to enter into this agreement with Steven Madden, Ltd. to deliver footwear positioned consistent with our brand strategy and which will exceed the l.e.i. customer's expectations shopping at Wal-Mart.'

l.e.i. is an acronym for LIFE, ENERGY, INTELLIGENCE. l.e.i.'s Declaration of Independence is claiming a freedom from old ways of thinking that are no longer accurate and appropriate. l.e.i.'s products and marketing embrace the authenticity, cheekiness, intelligence and wit of today's modern American girl.

Edward Rosenfeld, Interim Chief Executive Officer of Steven Madden, Ltd., stated, 'We are delighted to partner with Jones Apparel Group to bring footwear to industry leader Wal-Mart under the licensed l.e.i. junior brand. We look forward to the opportunity of offering trend right footwear solutions to a broad group of junior and girl's customers shopping their stores at reasonable prices.'

About Jones Apparel Group, Inc.

Jones Apparel Group, Inc. (www.jny.com) is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The Company also markets directly to consumers through its chain of specialty retail and value-based stores. The Company's nationally recognized brands include Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le Suit.


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