J. Crew Turns to Profit in 2Q

New York, J. Crew Group on Wednesday posted a second-quarter net profit, helped by robust sales and higher gross margins.

The apparel retailer posted a quarterly net profit of $20.6 million compared with a net loss of $2.8 million a year earlier. Revenues increased 13% to $304.7 million. Same-store sales rose 16%.

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