J. Crew Group Continued To Expand Its Third Quarter Deficit

According to the United States

The latest third quarter earnings report of J. Crew group showed that the loss in the third quarter of the group continued to expand due to the new increase in impairment charges and the double digit decline in key brand store sales, which expanded from 607 million 800 thousand US dollars in the same period last year to 759 million 700 thousand US dollars.

Total revenue fell 6% to $619 million 400 thousand, comparable.

Down 11%.

"There is no doubt that most of the fashion retailers are experiencing dramatic changes," Mickey Drexler, President and chief executive officer, said in a conference call.

The current results are still not what we want.

By brand,

Total sales fell 9% to $526 million 900 thousand, and its comparable sales fell by 12%.

Gross profit margin fell to 38.6% from 40.2% in the third quarter of last year.

Madewell sales increased by 14% to $78 million 700 thousand, compared to 1% on a comparable basis.

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Fast fashion UNIQLO express group said its expected net profit for the year will be flat at 110 billion yen, or about 895 million US dollars, while the expected profit for the whole year was 115 billion yen, or about 936 million dollars.

At present, group sales increased by 7% to 1 trillion and 800 billion yen, or about 14 billion 650 million US dollars, slightly lower than the expected 1 trillion and 900 billion yen, or about 15 billion 470 million US dollars.

The company also said that the exchange rate fluctuations would not be included in the new forecast.

XXX also said that in the quarter ending November 30th, the company fell 30.2% to 48 billion yen, or about 398 million 400 thousand dollars, compared with the same period net profit.

The first quarter revenue grew 8.5%, to 520 billion 30 million yen, or about 4 billion 320 million US dollars, while operating profit dropped 16.9% to 75 billion 900 million yen, or about 630 million US dollars.

According to Xun group, Japan's profit and sales declined in the quarter under the influence of the discount season.

The weakness of UNIQLO in Korea, the United States and greater China has left its international business behind its goal.