DALLAS, Sept. 8, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring J. Crew Group Inc. (NYSE:JCG). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on J. Crew Group Inc. (NYSE:JCG) should be of particular interest to other apparel retailers: Limited Brands Inc. (NYSE:LTD), bebe stores inc. (Nasdaq:BEBE), Cache Inc. (Nasdaq:CACH), The Wet Seal Inc. (Nasdaq:WTSLA) and Guess? Inc. (NYSE:GES).
It is available at: http://www.investorsoup.com/lp/JCG
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J. Crew Group Inc. (JCG) is an apparel and accessories retailer. The Company promotes itself as embracing a high standard of style, craftsmanship and quality. JCG identifies its customer base as primarily affluent, college-educated and professional and fashion conscious women and men. As of August 27, 2009, the Company operated 242 retail stores (including 216 J. Crew retail stores, nine crewcuts stores and 17 Madewell stores), the J. Crew catalog business, jcrew.com and 78 factory outlet stores.
In the report, the analyst notes:
"Many U.S. retailers have reported concern over the health of the 2009 back-to-school shopping season (mid-July to mid-September) as consumer spending remains low due to continued concerns over the economy and job security. Retail apparel sales figures for July were sluggish as consumers funneled their spending on necessities, and lower inventories across the industry led to fewer markdowns. However, on August 18, 2009, BMO Capital Markets analyst John Morris reported that JCG is positioned to capture market share from department stores during the season. Morris noted that JCG's business for the season was off to a strong start because it managed to differentiate itself from the competition and offer 'trend-right' merchandise.
"When discussing the Company's outlook for the three months ending November 1, 2009, Millard Drexler, JCG's CEO, said that the current strategy was to build its product rather than cut costs in response to market conditions. Drexler said that selling unique goods was the Company's prime objective as consumers continued to purchase products that they liked at full price."
To read the entire report visit: http://www.investorsoup.com/lp/JCG
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