One of Michelle’s favorite retailers, J. Crew reported its profit more than doubled in 3Q. According to the Associated Press, the retailer earned $43.9 million or 67 cents per share, in the quarter that ended Oct. 31. That compares with $19 million, or 30 cents per share, a year earlier. Revenue rose 14% to $414.1 million from $363.1 million. Analysts had expected $408 million.
CEO Millard Drexler attributed the success to its products, quality, design, and creativity. We think it didn’t hurt that one of the most famous women in the world has publicly worn your clothes and garnered media buzz that money can’t buy.
