A Better Working Crew

J.Crew Group Inc. (New York) has announced that its operating income for the thirteen weeks ended October 30 increased by $19 million to $13 million, compared to an operating loss of $6 million in the comparable period last year. Comparable store sales increased by 30 percent.

The retailer said retail sales (including Factory) increased by 35 percent to $154 million, while direct sales (Internet and catalog) increased by 47 percent to $47 million.

“We continue to focus on quality, unique product assortments and endless attention to customer service, and we are pleased that the performance of the company is reflective of these efforts,” said Millard Drexler, chairman and ceo, who took over the company two years ago after leaving the Gap. “As the holiday season gets into full swing, we are hopeful about our ability to deliver the quality, detail and styles our customers are looking for.”

J.Crew is a multi-channel retailer of women’s and men’s apparel, shoes and accessories, with 157 retail stores, 42 factory outlet stores and a catalog and Internet business.

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