The J. Jill Group, Inc. said it expects to report a third quarter loss of about 15 cents per share, compared to income of 18 cents per share last year.
The cataloger and retailer’s net sales are expected to fall in the range of $80 to $83 million, flat with last year.
The company attributed these results the fact that its retail stores were eating into the catalog sales productivity and that recent efforts to rework its business model had proven harder than originally thought.
J. Jill also withdrew its targets for the fourth quarter and beyond.
The Quincy, MA firm plans to report actual third quarter results on or about Oct. 23.
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