J. Crew Losses Exacerbate The Subsequent Market How To Bring Back To Life?

The three quarter loss of J.Crew Group Inc., the clothing group of J.Crew, which was once popular with the US apparel Brand Company, increased in the three quarter. The net loss in the three quarter of October 31st was 759 million 700 thousand US dollars, a 25% increase over the same period last year.

Although known as the United States

Godfather's chief executive officer of J.Crew Group Inc.

"Mickey" Drexler has confidence in the performance and recovery of the company, but the regrettable data and the extremely depressed retail market in the US are hard for investors to be optimistic about the company's future.

In the three quarter, J.Crew Group Inc. fell 11% in the same store, compared with a 2% decline in the same period last year, and a sharp reversal of the same store sales led the company's three quarter revenue to decline by 6.5% to 619 million 400 thousand US dollars, compared with $655 million 200 thousand in the same period last year.

During the period, the group brand of the same name was also the main source of income of the group. J.Crew brand sales were recorded at 527 million US dollars, down 8.6% from 576 million 400 thousand US dollars in the same period last year, while the same store sales slumped by 13%, while the Madewell brand income increased to 13.8% US dollars in the double-digit rate, 69 million 154 thousand US dollars in the same period last year, and 1% sales in the same store.

Group Inc. said that because of the diminished profitability of the J.Crew brand, the company further reduced its brand, including the impairment of $676 million worth of goodwill and the impairment of intangible assets such as the $170 million mark. The above two total writedowns of $846 million are non cash forms.

In the first 2014 fiscal year and the first quarter of fiscal year 2015, J.Crew Group Inc. has recorded a high write down of up to $1 billion 240 million.

On Thursday, J.Crew Group Inc. also issued a separate statement announcing the appointment of Michael J. Nicholson, the new CEO, chief operating officer and chief financial officer of the group, to take effect in January 11, 2016.

Michael Nicholson, 49, served as executive vice president, COO and COO of women's clothing group Ann Inc., which was acquired by Ascena Retail Group Inc. in the middle of this year.

After joining the J.Crew Group Inc., Michael Nicholson will be responsible for the group's finance, global supply chain, procurement, IT, asset management, investment management and many other work, and report directly to Millard Drexler.

By the end of the three quarter of October 31st, the J.Crew Group Inc. was revised to record $73 million 600 thousand after EBITDA adjustment, down 9.1% from 80 million 900 thousand US dollars in the same period last year. The actual EBITDA loss was 778 million 100 thousand US dollars due to the huge reduction of 846 million US dollars, and the gross profit margin of the three quarter group dropped by 160 basis points to 38.8%.

During the downturn, J.Crew Group Inc. rose 7.4% to $483 million in the three quarter, compared with $449 million 800 thousand in the same period last year.