NEW YORK — Waning sales conspired with gross margin erosion to throw J. Crew Group Inc. into the red in the third quarter.
For the three months ended Nov. 2, the New York-based retailer and direct merchant sustained a net loss of $700,000. That compares with the year-ago quarter when the company realized profits of $300,000. Earnings before interest, taxes, depreciation and amortization, EBITDA, fell 9.4 percent to $17.3 million from $19.1 million last year, and the loss before taxes was $1 million versus earnings of $400,000 a year ago.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)