Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 13, 2016 3:45 PM ET

Specialty Retail

Company Overview of J. Crew Group, Inc.

Company Overview

J.Crew Group, Inc. operates as a multi-brand apparel and accessories retailer in the United States, Canada, the United Kingdom, and Hong Kong. The company designs, markets, and sells an assortment of women’s and men’s apparel and accessories, including outerwear, suiting, casual attire, wedding and bridesmaids dresses, swimwear, shoes, handbags, belts, socks, jewelry, and others, as well as casual T-shirts, denims, hand-embellished sweaters and coats, Italian cashmere, limited edition prints and patterns, and vintage inspired details under the J.Crew brand name. It also offers a product assortment of apparel and accessories for the children’s market from infant to children’s size 14 under th...

770 Broadway

New York, NY 10003

United States

Founded in 1983

5,700 Employees

Phone:

212-209-2500

Key Executives for J. Crew Group, Inc.

Chairman of the Board and Chief Executive Officer
Age: 70
President, Chief Financial Officer and Chief Operating Officer
Age: 49
President of J. Crew Brand
Age: 42
Chief Accounting Officer and Senior Vice President
Age: 47
Senior Vice President, General Counsel and Secretary
Compensation as of Fiscal Year 2015.

J. Crew Group, Inc. Key Developments

J. Crew Group, Inc. Enters into Fourth Amendment to Credit Agreement

On December 17, 2015, J.Crew Group, Inc., Chinos Intermediate Holdings B, Inc., Bank of America, N.A., as administrative agent and as collateral agent, and each lender party thereto entered into that certain Fourth Amendment to Credit Agreement, which modifies the Company's asset-based revolving credit facility. The Fourth Amendment increases the revolving credit commitment under the ABL Facility from $300,000,000 to $350,000,000.

J.Crew Group, Inc. Names Michael J. Nicholson as President, Chief Operating Officer and Chief Financial Officer, Effective January 11, 2016

J.Crew Group, Inc. announced that it has named Michael J. Nicholson as President, Chief Operating Officer and Chief Financial Officer, effective January 11, 2016. Mr. Nicholson will report to Millard Drexler, Chairman and CEO. Mr. Nicholson, was most recently Executive Vice President, Chief Operating Officer, Chief Financial Officer, and Treasurer of ANN INC. Mr. Nicholson will lead J.Crew's finance, global supply chain, sourcing, IT, real estate, asset management and investment management functions.

J. Crew Group, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2015; Announces Impairment Losses for the Third Quarter of Fiscal 2016; Provides Capital Expenditures Guidance for the Fiscal 2016

J. Crew Group, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2015. For the quarter, the company's total revenues were $619.4 million compared with $655.2 million a year ago. Operating loss was $808.5 million compared with $636.3 million a year ago. Both this year and last year reflect the impact of pre-tax, non-cash impairment charges of $845.9 million and $684.0 million, respectively. Loss before income taxes was $826.1 million compared with $654.1 million a year ago. Net loss was $759.7 million compared with $607.8 million a year ago. EBITDA loss was $778.1 million compared with $608.5 million a year ago. Adjusted EBITDA was $73.6 million compared with $80.9 million a year ago. Cash flows from operating activities were $33.2 million compared with $52.6 million a year ago. Capital expenditures for the third quarter were $33 million. For the nine months, the company's total revenues were $1,794.9 million compared with $1,874.4 million a year ago. Operating loss was $1,326.5 million compared with $566.3 million a year ago. Loss before income taxes was $1,378.9 million compared with $682.2 million a year ago. Net loss was $1,235.6 million compared with $627.2 million a year ago. The first nine months this year reflects the impact of non-cash impairment charges and a charge for severance and related costs. EBITDA loss was $1,238.0 million compared with $486.6 million a year ago. Adjusted EBITDA was $159.4 million compared with $213.1 million a year ago. Cash flows from operating activities were $45.3 million compared with $84.0 million a year ago. The company announced impairment losses of $845.9 million for the third quarter ended October 31, 2015. For fiscal 2016, the company expects capital expenditures of approximately $105 million to $110 million.

Similar Private Companies By Industry

Company Name Region
Cabela’s Retail LA, LLC United States
WFM Gift Card, LLC United States
I-55 Motor Plaza Inc. United States
Victor's House of Music, Inc. United States
Weber's Cycle Center, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact J. Crew Group, Inc., please visit www.jcrew.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.