Wednesday, November 22, 2017

J.Crew to close 50 stores as sales plunge again

A customer walks into a J.Crew store in New York.There is apparently no end in sight to the deterioration of the J.Crew brand.

Same-store sales plummeted 12% at J.Crew’s namesake brand in the third quarter and the parent company said on Tuesday it expected to close 50 stores this year, up from a forecast of 30 just three months ago. But such is the tailspin its sales are in.. . . more

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