While profits declined for the fourth-quarter, overall 2012 was a profitable year for J. Crew, with profits rising 86.7% to $96.1 million from $51.5 million. Revenues rose 20% to $2.23 billion. Stuart C. Haselden, J. Crew’s chief financial officer, pointed to the increased rate of store openings – J. Crew ended the year with 401 units, as compared to 362 in 2011 – as an explanation for J. Crew’s profits. Looking towards 2013, J. Crew plans to open 46 openings, including their first location in Europe.
Manton poses a provocative (and probably ironic) question/comment: is clothing entirely relative?
While W+H has fallen off a bit from its peak as a StyleForum it brand, the Canadian menswear label still has a devoted (if diminished) following on SF. Check out what all the fuss is about.
Deal of the Day