J. Crew Group Inc. reported net income of $15.2 million for its second quarter, up from a net loss of $7.1 million last year.
The cataloger and retailer reported revenue of $167.1 million for the quarter ended Aug. 2, down slightly from $167.6 million last year.
Net sales in the New York-based firm’s direct business decreased 17%. Specifically, catalog sales in the period were $11.3 million, down from $20.6 million last year. Internet sales were $26.9 million, up slightly from $25.3 million last year.
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