By  on August 27, 2009

In the midst of the sharpest downturn since the Great Depression, J. Crew Group is staying the course.

On Thursday, J. Crew posted a slight increase in net income for the second quarter to $18.6 million, or 29 cents a diluted share, from $18.1 million, or 28 cents, in last year’s quarter. The per-share gain handily beat the Wall Street estimate of 15 cents and came despite a comparable-store sales drop of 5 percent.

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