J. Jill's 4Q Gift: Better-Than-Anticipated Sales
The J. Jill Group Inc. said yesterday that it expects its fourth-quarter net sales for the fiscal year ended Dec. 31 to reach $131 million compared to $119.4 million last year. The company anticipates reporting a fourth-quarter comparable-store sales decrease of 3 percent."Our fourth-quarter results were better than anticipated. In direct, net sales and gross margin exceeded expectations, largely driven by the strong performance of our Holiday catalogs and the resulting lower-than-anticipated inventory overstocks," J. Jill president/CEO Gordon R. Cooke said in a statement.
The Quincy, MA-based multichannel apparel merchant plans to report actual fourth-quarter sales and earnings on or about March 9.
