After several seasons of rampant
growth, J.Crew posted a decline this
quarter, WWD reports. Net income went down
4.5% to $29.3 million this spring.
Libby Wadle, newly promoted president of the J. Crew brand, says times were tough this spring. "It was a tough macroeconomic environment out there. We had to change how we planned to do business. It was about navigating through the environment in the healthiest way we could."
Libby Wadle, newly promoted president of the J. Crew brand, says times were tough this spring. "It was a tough macroeconomic environment out there. We had to change how we planned to do business. It was about navigating through the environment in the healthiest way we could."
