US women`s footwear retailer releases Q1 results
The US retailer of women's apparel, accessories and footwear, J. Jill Group, last week reported financial results for the first quarter ended March 31, 2001.
Net sales increased by 30.3% to $63.3 million from $48.6 million reported in the prior year, while operating income for the quarter totalled $1.6 million – a 21.9% increase over last year's figure of $1.3 million. Net income for the period increased by 47.1% to $796,000 from $541,000 reported in the comparable period last year.
Since the beginning of 2001, J. Jill has opened six new retail stores, located in Boston, Los Angeles, Tucson, Denver, San Francisco and St. Louis, bringing the total number of stores to 28.
The company is committed to seventeen additional store locations for 2001 and anticipates having a total of 47 to 52 stores open by year-end.
