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  • Image of J.Crew Reports Another Strong Year Ahead of Rumored IPO

J.Crew Reports Another Strong Year Ahead of Rumored IPO

The J.Crew Group recently revealed a very favorable sales increase since going private back in 2010. Revenue for the American multi-brand retail group were reported to be up nine percent, raking in an additional $2.4 billion USD for the fiscal year, which ended on February 1, 2014. The increase in sales signals a strong turnaround for the group, whose falling sales led to the company agreeing to be taken private which also resulted in a lawsuit between the group and its shareholders. The results are a good sign for the company ahead of a rumored IPO according to sources familiar with the situation. Read more on the potential IPO here.

Date: Feb 21, 2014  /  Views: 4747  /  Author: Nate Bodansky  /  Photographer: Cindy Ord/Getty Images
Category: Style  /  Tags: Fashion, J crew