Up, up and away: J.Crew, long past its turnaround days, had a strong 2013. Sales were up 9 percent to $2.4 billion for the fiscal year ending Feb. 1, the company revealed in an unaudited documented released Thursday as part of a refinancing transaction with its private equity backers. Financially and creatively speaking, the company has certainly found its groove.
Growth was a little slower during the holiday period, up 7 percent to $686 million in the fourth quarter, but still above the 3.5 percent national average.
The company, which went private in a leveraged buyout four years ago, may stage an IPO as soon as this year, according to various reports.