J.Crew Group Postpones First Quarter Conference Call To June 10th
Acting Chief Financial Officer
Owen Blicksilver PR
NEW YORK (June 9, 2005) - J.Crew Group, Inc. has postponed the first quarter conference call and simultaneous webcast to Friday, June 10, 2005 at 11 a.m. Eastern Daylight Time. The Company expects to issue its earnings release prior to the conference call.
To access the Company's earnings release on June 10, 2005, please visit www.jcrew.com and click on "Help" and "Investor Relations." To access the webcast of the conference call, please visit www.jcrew.com (click on "Help" and "Investor Relations") or www.companyboardroom.com.
A replay of the conference call will be available through June 17, 2005 at (888) 286-8010, reference #45237865. The webcast will also be archived at www.jcrew.com and www.companyboardroom.com.
Inventory at April 30, 2005 was $105 million, up 24% from the comparable period last year. The increase in inventories is consistent with our strong sales performance and a conservative inventory strategy in last year's first quarter. There were no outstanding borrowings under the Company's working capital facility during the quarter.
J.Crew Group, Inc. is a leading retailer of men's and women's apparel, shoes and accessories. The Company operates 157 retail stores, the J.Crew catalog business, jcrew.com, and 43 factory outlet stores.