Though the bottom line was impacted by costs related to its going private last March, J. Crew Group Inc.’s operations and sales improved in the third quarter, fueled by greater full-price selling and a retooled women’s assortment.
J. Crew’s net income for the third quarter ended Oct. 29 dropped 43 percent to $21.6 million from $37.8 million a year ago. But, executives talked up adjusted earnings before interest, taxes, depreciation and amortization as a better gauge of the company’s performance, and said adjusted EBITDA rose to $83.8 million from $78.2 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"