J. Crew Has Had a VERY Good Year (Thanks to Michelle O?)
Michelle O. wearing a J. Crew sweater and skirt in London, 2009
Michelle O's fondness of J. Crew is well documented by now. She likes it for herself. She likes it for her girls. So it's no surprise that J. Crew has had a stellar year this year, and Jenna Lyons, J. Crews creative director is being rewarded as such:
Jenna Lyons , creative director of J.Crew Group Inc., received a special bonus of $1 million this week, according to a filing made with the Securities and Exchange Commission.
Ms. Lyons's design aesthetic has been credited for the recent success of the New York clothing company. Stronger-than-expected sales in October prompted J. Crew last week to nearly double its outlook for fiscal third-quarter earnings to between 54 and 59 cents a share, up from 30 to 33 cents a share. J. Crew's casual styles-embellished T-shirts, frilly blouses and chunky jewelry-have been widely copied in the mall apparel space.
Comments