J.Crew Posts $12.1M Loss

Share this article:
J.Crew Corp. posted a net loss of $12.1 million for the fiscal quarter that ended May 4 and said revenue was down slightly from the same period in the 2001 fiscal year.


The loss included a $4.6 million charge related to "headcount reductions" and the resignation of company CEO Mark Sarvary in May. Without the severance charges, the overall loss for the first quarter of J.Crew's fiscal 2002 would have been $9.1 million.


Revenue for the period was $167.1 million. In the first quarter of fiscal 2001, J.Crew posted a loss of $9.3 million and revenue of $167.8 million.


J.Crew operates 140 retail stores, 41 factory outlets, a catalog business and jcrew.com. E-commerce accounts for half of the company's sales.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Nielsen Allies With Pointlogic on Cross-Channel Planning

Nielsen Allies With Pointlogic on Cross-Channel Planning

Aim is to develop a "next generation" media planning tool.

If Only Engendering Loyalty Was as Easy as Clicking Your Heels

If Only Engendering Loyalty Was as Easy as ...

Rack Room Shoes combines data, research, and mobile email to deliver a high-heeled digital loyalty program.

Zeta Introduces 'Cross-Lifecycle' Platform

Zeta Introduces 'Cross-Lifecycle' Platform

Zeta Hub aims to help CMOs deliver on ROI goals by extending customer lifecycles.