J. Crew Files for IPO

After months of rumors, it’s official: Apparel cataloger/retailer J. Crew Group has filed papers with the Securities and Exchange Commission to launch an initial public offering. J. Crew hopes to raise $200 million with the offering. Private equity firm Texas Pacific, which already has a controlling share of J. Crew, will buy $73.5 million worth of common shares.

For the most recent fiscal year, J. Crew had sales of $804.2 million, up nearly 17% from $690.0 million the previous year. During that time its net loss increased too, to $100.3 million from about $50.0 million the year before. But for the three months ended April 30, J. Crew posted net income of $4.9 million on sales of $210.5 million—a nice turnaround from the $23.8 million it had lost for the comparable quarter of last year.

The New York-based company intends to apply for a listing on the New York Stock Exchange under the ticket symbol “JCG.”

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.