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J. Crew Q3 profit up 6.8%
New York -- J. Crew Group Inc.'s third-quarter earnings rose 6.8% on improved sales.
For the period ended Nov. 2, J. Crew reported a profit of $35.4 million, up from $33.2 million, a year earlier.
Revenue increased 11% to $618.8 million. Same-store sales role 5%.
Retail store sales grew 7.3% to $420.2 million, while direct sales climbed 21% to $189.8 million. -
Aisle50 blends e-commerce with brick and mortar stores
Aisle50, an online technology platform that delivers grocery discounts on major and local brands to consumers, has teamed up with premium brands such as Clorox, Starbucks, Smuckers and Red Bull to offer consumers recurring discounts on the products they buy most often.
According to Aisle50, the move gives its retailer partners, which include Raley’s, Shop ‘n Save and Homeland Stores, an e-commerce platform that is unique within the world of groceries.