Home / Knowledge / News / Apparel/Garments / Sales at apparel marketer J Crew drop 4% in Q2FY17
Sales at apparel marketer J Crew drop 4% in Q2FY17
02
Sep '16
Courtesy: J Crew
Courtesy: J Crew
For the three months ended July 30, 2016, total sales at J Crew dropped 4 per cent year over year to $569.8 million, while comparable sales dipped 8 per cent following a decline of 11 per cent in the prior fiscal's second quarter. Of this, J Crew brand sales fell 6 per cent to $476.7 million, while Madewell brand revenue rose 15 per cent to $78.3 million.

In the second quarter of fiscal 2017, gross margin stood higher by 140 bps at 35.7 per cent as against 34.3 per cent in the previous fiscal's corresponding quarter.

In the reporting quarter, operating income amounted to $6.7 million vis-à-vis $2.6 million in the fiscal ago quarter.

According to the apparel marketer, in the second quarter of fiscal 2016, operating income included a charge of $4.5 million for severance and related costs and pre-tax, non-cash impairment charges of $1.0 million.

The company was able to drastically reduce its net loss in the quarter under review to $8.6 million compared to $13.6 million in the second quarter of earlier fiscal. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search