Operating loss climbed higher at $520.6 million from $34.0 million in the quarter from a fiscal ago, primarily from the pre-tax non-cash impairment charges.
Net Loss at apparel marketer J Crew Group propelled massively as a result of non-cash impairment charges of $533.4 million in the first fiscal quarter#
Cash and cash equivalents were $64.5 million compared to $59.4 million at the end of the first quarter of last fiscal.
Total debt, net of discount was $1,545 million as against $1,559 million at the end of the first quarter of fiscal 2015.
Inventories in the first quarter of fiscal 2016 climbed higher at $410.1 million from $395.7 million from the first fiscal of 2015.
J Crew Group is an international omni-channel retailer of women's, men's and children's apparel, shoes and accessories.
As of June 4, 2015, the apparel marketer operated 283 J Crew retail stores, 88 Madewell stores, jcrew.com, jcrewfactory.com, the J Crew catalog, madewell.com, the Madewell catalog and 143 factory stores. (AR)
Fibre2fashion News Desk - India
marketing@alchempro.com
