• Q4 net profit down 42% to US$5.9m
  • Q4 revenues rise 7% to $686.2m
  • Comparable store sales up 3%

Fashion retailer J Crew Group posted a slump in fourth quarter profit thanks to shrinking margins, which fell to 36.8% from 38.4% 12 months earlier.

The US company said store sales had risen 5% in the three months to 1 February, with direct revenues rising 10%.

That helped full-year revenues to increase 9% to $2.428bn, with comparable store sales up 3%, store sales up 6% and direct revenues rising 16%.

Meanwhile, net income for the year fell 8.3% to $88.1m, the company said.