J. Crew reported a 3.3% decline in third-quarter sales, despite an increase in its direct marketing business.
Total sales fell to $195.6 million. But direct sales rose by 6.1% to $65.7 million, compared with the same period last year. The quarter ended on Nov. 3.
Retail store sales fell to $96.7 million from $102.8 million last year. EIBITDA also dropped—to $19.1 million from $22.4 million.
“Business conditions were difficult throughout the period and our sales trend softened further in November,” said Mark Sarvary, CEO, in a statement.
In addition, the New York-based retailer posted total sales of $531.3 million during the first 39 weeks of the year, a 1.5% decline from the same period last year.
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