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.
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