In its filing, executives revealed that they are trying to ramp up growth, by adding between 15 and 25 stores next year and from 25 to 30 annually thereafter. This year J. Crew is on track to open seven units.

Other initiatives include selling its factory-store products on the Internet and offering a children's line called "crewcuts." The filing says the company continues to offer "accessible luxury" clothing and strong customer service.

J. Crew is coming off a hot first quarter, the latest it has reported, which ended on April 30. During that period, the company posted a year-over-year same-store sales jump of 37%, and revenues soared 45%, to $211 million. The company's operating income was $23 million, up from a loss of $3 million in the first quarter of 2004.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.