USA: J Crew To Open 15 Stores This Year
New store openings at J Crew Group Inc will slow down in the current fiscal year.
According to its annual report filed with the Securities and Exchange Commission, the company plans 15 new outlets in the fiscal year ending 31 January 2003, compared with 34 new stores in the year ended 3 February 2002.
The store openings are likely to cost around $25 million against $42.6 million in the previous fiscal year, although this latter figure included the outlay for some systems enhancements, primarily the SAP enterprise resource planning system.
This year's capital expenditure will be funded from internally generated cash flows and by borrowings from available financing sources the company said.
Help test our new apparel sourcing tool.
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Industry groups reaffirm commitment to Bangladesh
- Using worker surveys to drive supply chain change
- Where does VF supply chain sit in growth strategy?
- Nike filed patent for "reinforced denim"
- Gap unveils five-year sustainable fibres pledge
- US textile industry applauds Trump executive order
- Pentland Brands reveals Berghaus factory list
- Adidas and Reebok top transparency index
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Myanmar - ISA Country Report