NEW YORK — J. Crew Group, driven by strong revenue gains and a sharper focus on its historic bestsellers, reported Wednesday that profits practically doubled to $30.7 million in the first quarter ended April 28, from $16.2 million in the year-ago period.
The specialty retailer said revenues increased 23 percent to $503.5 million, with comparable company sales increasing 16 percent and gains pretty balanced across selling channels. Store sales increased 26 percent to $354 million. Direct sales increased 19 percent to $143.4 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?"