J. Crew profit surges 54% in Q3
New York -- J. Crew Group reported Thursday that net income for the third quarter rose 54% to $33.2 million, from $21.6 million in the prior year. The retailer also has signed a lease for its first store abroad, on London’s Regent Street, Women’s Wear Daily reported.
J. Crew’s revenues for the quarter increased 16% to $555.8 million. Same-store sales increased 10%.