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Mickey Drexler Says ‘It’s Been a Nice Year So Far’ for J.Crew

The brand is back in the black, thanks to a strong second quarter with a reported net income of $22 million (last year, it was a $10.5 million loss for the same period), WWD writes. The paper adds: "Total revenues in the latest quarter rose 21 percent to $525.5 million, while comparable company sales increased 14 percent. Gross margin increased to 45.1 percent from 36.5 percent, reflecting healthy full-price selling." We don't do numbers, but, yeah, that sounds pretty nice.

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Copyright © 2013, New York Media LLC.
All Rights Reserved.

Copyright © 2013, New York Media LLC. All Rights Reserved.

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