Financial reports: J. Crew, Alloy

J. Crew posts 3Q loss

Apparel cataloger/retailer J. Crew Group lost $655,000 for the three months ended Nov. 2. For the comparable period of last year, the New York-based company had netted $256,000. Net revenue for the third quarter fell 3%, to $189.9 million from $195.6 million last year. Same store sales fell 11%, while catalog and Internet revenue dropped nearly 9%.

Alloy reports record profit Multititle mailer and marketing company Alloy (Nasdaq: ALOY) reported a 110% surge in third-quarter revenue, to $93.2 million for the three months ended Oct. 31. For the third quarter of last year, revenue totaled $44.5 million. What’s more, the company, whose flagship catalog sells apparel for teen girls, posted net income of $11.6 million for the quarter. Last year it had posted a third-quarter loss of $2.7 million.

Net merchandise revenue, which excludes revenue from sponsorships and marketing services, increased 30%, to $41.3 million. The gain was due to increased catalog circulation to its expanded name database and a full quarter’s worth of revenue from its Dan’s Competition sporting gear catalog, which Alloy acquired during the past year.

Looking ahead, Alloy is projecting fourth-quarter merchandise revenue of $60 million-$62 million and sponsorship and other revenue of $34 million-$36 million. The New York-based company expects earnings in the $15 million-$16 million range.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
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.