Jill, the renowned American clothing retailer, has witnessed a surge of 42 per cent in its first quarter sales to post US $ 129.1 million.
The first quarter also saw the retailer record an operating profit of US $ 8.7 million. This is in comparison to a loss of US $ 90 million during the same period last year.
The margins too rose by 68 per cent during the quarter – up from 55.1 per cent in last year’s quarter.
The retailer has attributed the good margins to a strong Mother’s Day weekend with better inventory management and increased full-price sales.
Vaccine rollout along with stimulus has brought the people out to shop apparels and it’s benefitted many clothing retailers including J. Jill.
Substantiating more, Claire Spofford, CEO, J. Jill, said “Customers, both existing and new, are really engaging with us and are reacting to our great wear-now offering.”
In its efforts to tighten its operating model, J. Jill plans to close 20 of its remaining 265 stores this year.
The womenswear retailer was founded in 1955, and was later acquired by The Talbots, Inc. in 2006.