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John T. McClain, Jones Apparel Group chief financial officer, commented: "Our financial position remains strong. We ended the quarter with $222 million of cash, $28 million more than last year, and our revolver continues to be undrawn. Throughout the remainder of 2010, we will maintain our management of inventories and expenses to conserve cash and improve margins."
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- Companies:
- Leed's
- Premium Connection
- Places:
- New York
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