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J.Crew revenues up 5 percent in Q1

By FashionUnited

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REPORT_ J.Crew Group revenues increased 5 percent to 592 million dollars in the first quarter ended May 3, 2014. Comparable

company sales decreased 2 percent against an increase of 5 percent in the first quarter last year.

Store sales increased 2 percent to 386.4 million dollars on top of an increase of 7 percent in the first quarter last year. Direct sales increased 12 percent to 197 million dollars following an increase of 23 percent in the first quarter last year. Adjusted EBITDA decreased to 64.8 million dollars from 101 million dollars in the first quarter last year.

New York-based J.Crew Group is a multi-brand retailer of women's, men's and children's apparel, shoes and accessories. As of June 4, 2014, the company operates 268 J.Crew retail stores, 71 Madewell stores, jcrew.com, jcrewfactory.com, the J.Crew catalog, madewell.com, the Madewell catalog, and 125 factory stores.

J CREW