For the reported quarter, the company's selling, general and administrative expenses were $210.4 million, or 39.6 per cent of revenues, compared to $192.2 million, or 33.9 per cent of revenues in the first quarter of last year. Adjusted EBITDA was $26.6 million for the first quarter of 2017 in comparison to $45.4 million in the first quarter of last year. Its total revenues also decreased 6 per cent to $532.0 million.
"While we are disappointed with our first quarter earnings, we are optimistic regarding the work we have underway to improve our business. We have a clear vision and action plan in place to meet our customers' needs - wherever and however they choose to shop. I look forward to transitioning my role to chairman and to working with our new CEO, Jim Brett, as he takes the reins in July and continues to position J Crew for long term success," Millard Drexler, chairman and chief executive officer said. (RR)
Fibre2Fashion News Desk – India
| On 17th Apr 2021
Fibre2Fashion, the online platform for the global...
Powered by a strong domestic and foreign demand, China's economy grew ...
| On 17th Apr 2021
As government cheques fattened consumers’ bank accounts and more...
Farmers who produce seeds earn 50 per cent more
Great step towards realising end goal of 'AtmaNirbhar Bharat'
Social media critical in regeneration of businesses
UK based Amba Projex Ltd designs, manufactures, and installs industrial...
Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...
Yawer Ali Shah
Synthetic colours and dyes were all the rage till the very first ban on...
Twinery Innovations by MAS
Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...
Fitesa is a leader in the nonwoven fabrics industry, specialising in...
Garware Technical Fibres
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep
Established in 2012, Sarah & Sandeep is a luxury menswear label...
Tahweave & Garo
Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to email@example.com.