Sales Jump for J. Crew

Apparel cataloger/retailer J. Crew had plenty of good news to report from its first quarter ended May 3. The New York-based company’s revenue for the quarter rose 15%, to $340.6 million, from $297.3 million in the same period last year. Internet and catalog sales jumped 17%, to nearly $101 million, up from $86.6 million.

J. Crew’s store sales (retail and factory) increased 14%, to $229.1 million, from $201.0 million. Same-store sales rose 8% and net income increased 24%, to $30.5 million, up from $24.6 million in the first quarter of 2007.

CEO Millard Drexler was pleased with the company’s first-quarter performance. “We are on a mission to be the best we can be on quality, style, design and service for our customers,” he said in a release. “We are dedicated to continuing to always build and invest in our company for the long term.”

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.