Thursday, June 5, 2008

J. Crew Group having troubles it appears


J. Crew Group Inc. (JCG) posted a 24% rise in fiscal first-quarter profit, but shares of the retailer plunged after hours as it issued second-quarter guidance well below Wall Street's expectations and reduced its full-year forecast as it struggles with the slowdown in consumer spending that is hurting other retailers.

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Here is someone definitely not having problems: RAG New York Clothing.

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