The net income for the year was $4 million compared to a net loss of $100 million last year, which included a $50 million loss on the refinancing of debt. Excluding the financing transactions in fiscal 2004, the net loss in 2004 would have been $50 million, resulting in a $54 million increase in net income in 2005.
J Crew Group is a nationally recognized retailer of women's and men's apparel, shoes and accessories. It operates 164 retail stores, the J Crew catalog business, jcrew.com, and 43 factory stores.
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