J. Crew’s net loss deepened during its first quarter increasing to $12.1 million from $9.3 million a year ago. Headcount reductions and the departure of CEO Mark Sarvary generated pretax charges of $4.6 million, the company said. Sarvary left the firm on May 1.

During the quarter the cataloger and retailer generated $167.1 million in revenue, compared to $167.8 million in first quarter 2001. Same-store sales fell 13%, while net sales increased 1%. The New York-based firm did not break out figures for each channel’s sales. The quarter ended May 4.

“Our first quarter results primarily reflect the continuing challenges we are facing on the merchandising front,” said company CFO Scott Rosen, in a statement.

J. Crew’s net loss deepened during first quarter ended May 4, increasing to $12.1 million from $9.3 million a year ago. But headcount reductions, and the departure of CEO Mark Sarvary, generated pretax charges of $4.6 million, the company said. Sarvary left the company on May 1.

During the quarter the cataloger and retailer generated $167.1 million, compared to $167.8 million in first quarter 2001. Same-store sales fell 13%, while net sale increased 1%. The New York-based firm did not break out figures for each channel’s sales.

“Our first quarter results primarily reflect the continuing challenges we are facing on the merchandising front,” said company CFO Scott Rosen, in a statement.