J. Crew to shutter 20 flagship, outlet stores

J. Crew Group on Wednesday reported that total first quarter revenue rose 7% to $578.5 million. The company's Madewell sales rose 15% to $132.9 million, while flagship J. Crew sales fell 4% to $376.1 million, according to a company press release. The disparity in the banners' performance continued with store comps, which overall rose 1%: J. Crew comps fell 1% (following a 6% decline a year ago), while Madewell comps rose 10%, after a 31% increase in the first quarter last year...
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