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News Release

J.Crew Group, Inc. to Broadcast Review of Fourth Quarter and Fiscal 2007 Financial Results Over the Internet

NEW YORK, March 3, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- J. Crew Group, Inc. (NYSE: JCG) today announced that the conference call to review its fourth quarter and fiscal 2007 year financial results will be broadcast live over the Internet on Tuesday, March 11th, 2008 at 4:30 p.m. Eastern Time. The broadcast will be available by clicking on the 'Investor Relations' section of the Company's website at www.jcrew.com. To listen to the broadcast, your computer must have Windows Media Player installed. If you do not have Windows Media Player, please install the software prior to the call. You can download the software for free. An online replay will be available one hour following the call and remain on the website for 90 days.

About J.Crew Group, Inc.

J.Crew Group, Inc. is a nationally recognized multi-channel retailer of men's, women's and children's apparel, shoes and accessories. As of February 29, 2008, the Company operates 202 retail stores, 63 factory stores, the J.Crew catalog business, and jcrew.com. Additionally, certain product, press release and SEC filing information concerning the Company are available at the Company's website www.jcrew.com.

SOURCE J. Crew Group, Inc.

http://www.jcrew.com

Certain statements herein are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and actual results of operations may differ materially from historical results or current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the strength of the economy, changes in the overall level of consumer spending or preferences in apparel, the performance of the Company's products within the prevailing retail environment, trade restrictions, political or financial instability in countries where the Company's goods are manufactured, postal rate increases, paper and printing costs, availability of suitable store locations at appropriate terms and other factors which are set forth in the Company's Form 10-K and in all filings with the SEC made by the Company subsequent to the filing of the Form 10-K. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.