US: J Crew first-quarter profit falls 4.6%
- Q1 profit fell 4.6% to $29.3m
- Revenues increased 12% to $564.1m
- Comparable sales rose 5%
US apparel, footwear and accessories retailer J Crew has seen its first-quarter profit fall 4.6% after increased costs offset higher revenues.
Net income stood at US$29.3m for the three months to 4 May, compared to $30.7m in the same period last year.
Revenues increased 12% to $564.1m from $503.5m the prior year, and comparable sales rose 5%. Store sales were up 7% to $380.2m, while direct sales jumped 23% to $176.2m.
Gross margin fell to 44.7% against 47.6% the prior year.
Selling, general and administrative expenses, however, increased 8.6% to $178.4m against $164.2m the year before.
US apparel and accessories retailer J Crew has booked an increase in earnings and sales in the third quarter. ...
US apparel and accessories retailer J Crew Group has said it expects third-quarter revenues to increase in the high-single to low-double digit range, from US$555.8m last year....
Retail demand for virtual fitting rooms has "rocketed" during 2013, according to the London-based supplier of one such solution, which also claims the technology has a key role in reducing garment ret...
- Jordan garment sector strong amid regional unrest
- Why China 5-year plan won't change garment-making
- Navigating a turbulent sourcing landscape
- Supply chains under pressure as Black Friday looms
- C&A building brand loyalty through consistent fit
- US Q3 in brief: DSW, Chico's, Abercrombie & Fitch
- Adidas has greenest textile supply chain in China
- Global clothing and footwear trade to drop by 1.5%
- Cambodia living wage campaign kicks off
- New Balance launches first 3D printed running shoe
- Wearable technology: The future market potential for smart garments and e-textiles
- Practical Brand Sourcing Strategy
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Technical Textile Markets: Product Developments and Innovations - 2nd Quarter 2015
- Statistics: Trends in Global and Regional Man-made Fibre Production - 2015