2009: J. Crew’s Year
been a good year for J. Crew. The company has benefited from lots of
free press and an unofficial endorsement of its clothing line from the
nation’s first lady, Michelle Obama. It has also watched its share price
more than double. Now, J. Crew is getting another boost from an analyst
who sees the company outperforming its rivals.
Morris, an analyst with BMO Capital Markets, raised his rating on J.
Crew and wrote to investors, that it would “capture market share from
department stores, which are playing fashion too safe, planning inventory
too lean, and over-focusing on private-label goods.”
to Mr. Morris, the firm’s channel checks show
J. Crew’s fall merchandising is “trend-right and differentiated… Net/net,
this is a company that has a strong product offering, one of the best
management teams, and growth potential," he wrote.
Question: What is your assessment of J. Crew and the competition it faces? What
can department stores pick up from their strategy?
Upgrades J Crew (JCG) to OUTPERFORM from MARKET PERFORM – BMO
Crew Climbs as Retailer Seen Gaining Market Share – Bloomberg
- J. Crew climbs
as analyst lifts to ‘Outperform’ – The Associated