Jones Apparel Group Inc repurchased $68.9m of its common stock in its first quarter ended April 7, according to a filing with the Securities and Exchange Commission.

The Bristol, Pa, designer of women's apparel and footwear said in the filing that a total of $425.8m has been spent under its repurchase program as of April 7 to acquire as much as $500m of common shares. Jones Apparel Group said it repurchased about $121.9m of its common shares in the year-earlier period.

The company said it may authorise additional repurchases in the future depending on the market and the company's financial condition, among other things.