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J. Crew Swings to Loss on Write-Downs

2014-12-05 10:15:32| Apparel - Topix.net

J. Crew Group Inc. swung to a loss in the third quarter as the privately held retailer wrote down the value of its retail-store operations and posted other related charges. J. Crew, which started in 1983 when it mailed its first catalog, is trying to broaden its customer base by launching a new company, J. Crew Mercantile, that would price clothing and other merchandise higher than the retailer's outlet stores but lower than its full-line stores, The Wall Street Journal has reported, citing people familiar with the operations.

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