J. Crew Treads Water With Q2 Revenue

Share this content:
Revenue for J. Crew Group's second quarter that ended Aug. 3 was $167.6 million, virtually unchanged from $167.9 million last year. Comparable-store sales fell 11.4 percent in the quarter while net sales in J. Crew's direct business rose 1.5 percent.


Earnings before interest, taxes, depreciation and amortization reached $6 million, up from $2.5 million last year. The net loss was $7.1 million, compared with a net loss of $8.6 million last year. Revenue for the 26 weeks ended Aug. 3 totaled $334.7 million, down from $335.7 million last year. Comparable-store sales fell 12.2 percent in the 26-week period while net sales in the New York-based company's direct business rose 1 percent.


The net loss was $19.2 million, up from $17.9 million last year. This year's first half was hurt by $4.8 million in severance costs compared with $2.2 million in the 2001 period.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above