J.Crew opening 46 stores in 2013; to make European debut in London

New York -- J.Crew Group Inc. expects to open 46 stores in 2013, company officials said during its quarterly conference call.



The specialty retailer will open 17 Madewell stores, 13 factory outlet units and 16 namesake locations, including its first-ever store in Europe, in London.



For the fourth quarter, J.Crew’s earnings were up 18% to $70.4 million. Same-store sales rose 11%.