-
J. Crew Q4 sales up, but profit drops
Although fourth-quarter sales at J. Crew increased, the retailer saw profit drop 42% in the quarter amid higher costs.
Net income fell to $5.92 million in the quarter, down from $10.2 million in the year-ago period.
Revenue increased 6.7% to $686.2 million. Retail store sales rose 5% to $438.6 million and direct sales jumped 10% to $238.1 million
Same-store sales, which include direct sales, increased 3%. Excluding a calendar shift, comparable-store sales increased 4%.
-
Ballpark Village in St. Louis signs three new tenants
Baltimore — Jamba Juice, The Fudgery and Majestic Athletic have signed with Ballpark Village in St. Louis.
Ballpark Village is a mixed-use retail, entertainment, office, and residential district being developed in partnership by the St. Louis Cardinals and The Cordish Companies.