NEW YORK — J. Jill Group had a tough first quarter, attributed to the usual war-weather-economy-Easter reasons, as earnings plummeted 71.5 percent.
The Quincy, Mass-based company, which operates 93 stores, said for the three months ended March 29, income fell to $768,000, or 4 cents a diluted share, compared with income of $2.7 million, or 14 cents, recorded in the year-ago quarter. Sales for the quarter advanced 12.3 percent to $82.4 million over sales of $73.4 million. By division, direct sales were on par with last year at $51.1 million, and retail sales increased 40.7 percent to $31.5 million, due to its store rollout.
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?"