Q3 sales up at women's apparel retailer J. Jill Group

28 Oct '05

3 min read

With respect to the fourth quarter, the company is currently targeting $125.0 to $130.0 million in net sales and net income that approximates breakeven. These sales and earnings targets are not guarantees of actual performance. Historically, J Jill's performance has deviated, often materially, from its targets. These targets do not include the potential of any business risks, opportunities or developments that may occur after October 27, 2005. J Jill does not expect to report on its financial performance or to comment on it to analysts or investors, until after the quarter has been released.

'Unfortunately their merchandising transition is taking longer than they previously expected, but as difficult as their current business is he believe that it is very important for them to stay the course. Consequently, they remain focused on improving the profitability of their retail segment by driving better sales productivity while they take steps to stabilize their direct business. Although they are undertaking many initiatives throughout the organization to get their results back on track, the single most important factor in attaining their goals is delivering an improved merchandise assortment tailored to each business,' concluded Cooke.

Leading fashion retailer J Jill Group is a multi-channel specialty retailer of women's apparel, including accessories and footwear. The company currently markets its products through its retail stores, catalogs and website. J Jill is designed to appeal to active, affluent women age 35 and older.

J Jill Group Inc

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