<HTML><HEAD><TITLE>Form 8-K</TITLE>
<BODY>
<P align=center><FONT face="Times New Roman"><FONT size=5>UNITED STATES
SECURITIES AND EXCHANGE COMMISSION</FONT></P><FONT size=4>
<P align=center>Washington, D.C. 20549</P>
<P align=center></FONT><B><FONT size=5>Form 8-K</FONT></P>
<P align=center>CURRENT REPORT<BR>PURSUANT TO SECTION 13 OR 15(d) OF
THE<BR>SECURITIES EXCHANGE ACT OF 1934</P></B>
</FONT>
<P align=center>Date of Report (Date of earliest event reported): <BR>July 5, 2007</P>
<FONT face="Times New Roman">
<P>&nbsp;</P>
<P align=center><FONT size=5>JONES APPAREL GROUP, INC.</FONT></FONT><BR>(Exact
name of
registrant as specified in its charter)</P>
<P>&nbsp;</P>
<DIV align=center>
<CENTER>
<TABLE border=0 cellPadding=0
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none"
width="100%" cellspacing="5">
  <TR>
    <TD vAlign=top width="34%" align="center">
      <P align=center>Pennsylvania
      <hr noshade size="1" color="#000000">
      (State or Other Jurisdiction of
      Incorporation)
    </TD>
    <TD vAlign=top width="30%" align="center">
      <P align=center>1-10746
      <hr noshade size="1" color="#000000">
      (Commission File Number)</TD>
    <TD vAlign=top width="36%" align="center">
      <P align=center>06-0935166
      <hr noshade size="1" color="#000000">
      (IRS Employer Identification
  No.)</TD></TR></TABLE></CENTER></DIV>
<div align="center">
  <center>
  <table border="0" cellpadding="8" cellspacing="5" width="100%">
    <tr>
      <td width="25%" align="center"></td>
      <td width="50%" align="center">1411 Broadway<br>
		New York, New York&nbsp; 10018
        <hr noshade size="1" color="#000000">
        (Address of principal executive offices)</td>
      <td width="25%" align="center"></td>
    </tr>
    <tr>
      <td width="25%" align="center"></td>
      <td width="50%" align="center">(212) 642-3860
        <hr noshade size="1" color="#000000">
        (Registrant's telephone number, including
area code)</td>
      <td width="25%" align="center"></td>
    </tr>
    <tr>
      <td width="25%" align="center"></td>
      <td width="50%" align="center">Not Applicable<hr noshade size="1" color="#000000">
        Former name or former address, if changed since last report</td>
      <td width="25%" align="center"></td>
    </tr>
  </table>
  </center>
</div>
<p>Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:</p>
<p>[&nbsp;&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)&nbsp;<br>
[&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)&nbsp;<br>
[&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</p>
<HR>
<p>Item 8.01 Other Events.</p>
<p>On July 5, 2007, Jones Apparel Group, Inc. (&quot;Jones&quot;) announced that
it had received an unsolicited non-binding proposal from Fast Retailing Co.,
Ltd. (&quot;Fast&quot;), a Japan-based company, to acquire Jones' wholly-owned
subsidiary, Barneys New York, Inc. (&quot;Barneys&quot;), for $900 million in
cash. The proposal is subject to due diligence and other conditions.</p>
<p>Jones' Board of Directors has made the requisite determination under Jones'
stock purchase agreement with affiliates of Istithmar (the &quot;Istithmar
Agreement&quot;) that will enable Jones to provide information to Fast and enter
into discussions with Fast regarding its proposal. In the event that Jones were
to terminate the Istithmar Agreement to enter into an agreement with Fast, it
would be required to pay to an affiliate of Istithmar a termination fee of $20.6
million (or $22.7 million if Jones terminates the Istithmar Agreement after July
22, 2007). The agreement with Istithmar has not been terminated and remains in
full force and effect.</p>
<p>A copy of the press release announcing the proposal is attached as Exhibit
99.1 to this report.</p>
<p>&nbsp;</p>
<P>Item 9.01&nbsp; Financial Statements and Exhibits.</P>
<TABLE border=0 cellPadding=0 width="100%" id="table2">

  <TR>
    <TD vAlign=top width="11%"><u>Exhibit No.</u></TD>
    <TD vAlign=top width="89%"><u>Description</u></TD></TR>

  </TABLE>
<TABLE border=0 cellPadding=0 width="100%" id="table1">

  <TR>
    <TD vAlign=top width="11%">99.1</TD>
    <TD vAlign=top width="89%">Press Release of the Registrant dated July 5,
      2007. </TD></TR></TABLE>
<p>&nbsp;</p>
<P align=center>2</P>
<HR noshade size="1" color="#000000">
<P align=center>&nbsp;<B>SIGNATURES</B></P>
<P>Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</P>
<P align=justify>&nbsp;</P>
<DIV align=center>
<CENTER>
<TABLE border=0 cellPadding=0
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none"
width="100%">

  <TR>
    <TD width="50%"></TD>
    <TD width="50%">JONES APPAREL GROUP, INC.<BR>(Registrant)
      <P>By:&nbsp;<U>/s/ Ira M. Dansky&nbsp;</U><BR>&nbsp;&nbsp;&nbsp;&nbsp; Ira
      M. Dansky<BR>&nbsp;&nbsp;&nbsp;&nbsp; Executive Vice President,<br>
      &nbsp;&nbsp;&nbsp;&nbsp; General Counsel and Secretary</P></TD></TR></TABLE></CENTER></DIV>
<P>Date: July 9, 2007</P>
<P align=center>&nbsp;3</P>
<hr noshade size="1" color="#000000">
<P>Exhibit Index.</P>
<TABLE border=0 cellPadding=0 width="100%" id="table3">

  <TR>
    <TD vAlign=top width="11%"><u>Exhibit No.</u></TD>
    <TD vAlign=top width="89%"><u>Description</u></TD></TR>

  </TABLE>
<TABLE border=0 cellPadding=0 width="100%" id="table4">

  <TR>
    <TD vAlign=top width="11%">99.1</TD>
    <TD vAlign=top width="89%">Press Release of the Registrant dated July 5,
      2007. </TD></TR></TABLE>
<p>&nbsp;</p>
<p align="center">4</p>
</BODY></HTML>
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{"company-data": {"conformed-name": "JONES APPAREL GROUP INC", "cik": "0000874016", "assigned-sic": "2330", "irs-number": "060935166", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10746", "film-number": "07969505"}, "business-address": {"street1": "250 RITTENHOUSE CIRCLE", "street2": "KEYSTONE PK", "city": "BRISTOL", "state": "PA", "zip": "19007", "phone": "2157854000"}, "mail-address": {"street1": "250 RITTENHOUSE CIRCLE", "city": "BRISTOL", "state": "PA", "zip": "19007"}}
Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 5, 2007
JONES APPAREL GROUP, INC.
(Exact
name of
registrant as specified in its charter)
Pennsylvania
(State or Other Jurisdiction of
      Incorporation)
1-10746
(Commission File Number)
06-0935166
(IRS Employer Identification
  No.)
1411 Broadway
New York, New York  10018
(Address of principal executive offices)
(212) 642-3860
(Registrant's telephone number, including
area code)
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[   ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On July 5, 2007, Jones Apparel Group, Inc. ("Jones") announced that
it had received an unsolicited non-binding proposal from Fast Retailing Co.,
Ltd. ("Fast"), a Japan-based company, to acquire Jones' wholly-owned
subsidiary, Barneys New York, Inc. ("Barneys"), for $900 million in
cash. The proposal is subject to due diligence and other conditions.
Jones' Board of Directors has made the requisite determination under Jones'
stock purchase agreement with affiliates of Istithmar (the "Istithmar
Agreement") that will enable Jones to provide information to Fast and enter
into discussions with Fast regarding its proposal. In the event that Jones were
to terminate the Istithmar Agreement to enter into an agreement with Fast, it
would be required to pay to an affiliate of Istithmar a termination fee of $20.6
million (or $22.7 million if Jones terminates the Istithmar Agreement after July
22, 2007). The agreement with Istithmar has not been terminated and remains in
full force and effect.
A copy of the press release announcing the proposal is attached as Exhibit
99.1 to this report.
Item 9.01  Financial Statements and Exhibits.
Exhibit No.
Description
99.1
Press Release of the Registrant dated July 5,
      2007.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
JONES APPAREL GROUP, INC.
(Registrant)
By:
/s/ Ira M. Dansky
Ira
      M. Dansky
Executive Vice President,
General Counsel and Secretary
Date: July 9, 2007
3
Exhibit Index.
Exhibit No.
Description
99.1
Press Release of the Registrant dated July 5,
      2007.
4