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Re: lady*b post# 2

Wednesday, 06/28/2006 6:13:19 PM

Wednesday, June 28, 2006 6:13:19 PM

Post# of 25
I think JCG will see solid gains.
My friends wife works for them as a regional manager, has met the CEO and loves working for this company.

Here's a little info:

For the fiscal 2005 period, J. Crew posted net income of $3.8 million compared with a loss of $100.3 million in the year-ago period. Revenue rose 18.5 percent to $953.2 million.

In its first quarter, ended April 29, J. Crew reported a 60 percent profit increase as sales showed double-digit gains. Business at stores open at least a year, known as same-store sales, rose 12 percent in the first quarter, compared to a 37 percent increase a year earlier. Same-store sales are considered a key measure of a retailer's health.

J. Crew -- which sells its clothes through its 164 retail stores, 45 factory stores, catalogs and its Web site-- plans to grow at a cautious pace. It is set to add between 15 and 30 stores this year, and thereafter open between 25 and 35 annually, according to a recent Securities and Exchange Commission filing.

In May, J.Crew also announced it was developing a new chain of casual women's clothing stores called Madewell, which will focus on key fashion basics like chinos. That follows the launch of a wedding collection in 2004 and the unveiling of "crewcuts," a children's collection this year.