Friday, December 6, 2019

J. Jill CEO steps down as sales fall nearly 5% in Q3

Retail Dive
J. Jill CEO Linda Heasley has stepped down from the position as well as her board post, the women's apparel seller said in a press release Thursday. The company did not disclose a reason for her departure.

Board member James Scully has taken over as interim CEO while the company searches for Heasley's permanent replacement. The board has already begun the search, and Scully is set to stay in the position until the process is complete, the company said.
Also on Thursday, J. Jill reported that third quarter comparable sales fell 7% and top-line sales fell 4.6% to $166.1 million. Net income fell by more than 64% to $2.4 million.. . . more