J. Crew Stepping up Expansion Plans

After taking a break in new-store growth, J. Crew will add 15 units this year and has “ambitious” expansion plans in 2011, according to management. The move comes after fourth-quarter same-store sales rose 17% and the retailer posted better-than-expected earnings.

Just a year ago, executives said they were cutting back on the addition of new stores.

It would seem that J. Crew certainly has room to grow. The company only operates 218 of its namesake stores and has two other concepts, Crewcuts, for kids, and Madewell, a demin line, with only a handful of locations.

Is it time for J. Crew to get more aggressive or is it too soon to make such plans in this economy?

ALSO: American Eagle Ditches Grown-Ups for Kids

2 Responses to “J. Crew Stepping up Expansion Plans”

  1. 1 jim hill March 11, 2010 at 9:10 am

    Would they survive in a city like Madison Wisconsin?

  2. 2 Ray Flores March 11, 2010 at 11:24 am

    J. Crew is in need of some market share for sure… with banana republic holding tight on expansion, now may be the time. The short of it all is that the growth of the mall scene, in which J.Crew is attracted to, is not going at the same pace as their ambitions. This may mean that they either get a steal of a deal in a ‘prone for growth’ mall, or wait until the ‘outdoor’ malls kick their development plans in gear once more.

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