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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)