J. Crew Cautious After Q3 Loss
The apparel retailer reported total revenue for the 13-week quarter, which ended Nov. 2, of $189.9 million, compared with revenue of $195.6 million and a net income of $256,000 in the same period last year.
Net sales for J. Crew Direct, which include the retailer's catalog business, fell 8.7 percent for the quarter compared with last year.
"Despite the strengthening of our trend in October, we enter the holiday season with a cautious outlook given the difficult macro environment," Pilot said in a statement.