J. Crew Group, Inc. appointed James Scully to the position of Chief Operating Officer and appointed Libby Wadle to the position of President – J. Crew Brand. Mr. Scully has been the Company’s Chief Administrative Officer since 2008 and was also Chief Financial Officer from 2005 to 2012. Prior to joining J. Crew, Mr. Scully served as Executive Vice President of Human Resources and Strategic Planning of Saks Incorporated from 2004. Ms. Wadle has been the company’s Executive Vice President—J. Crew since September 2011, and before that, served as Executive Vice President—Retail and Factory since July 2010, and as Executive Vice President—Factory and Madewell since 2007.

J. Crew Group, Inc. provides capital expenditures guidance for fiscal 2013. For the period, the company expects capital expenditures to total approximately $135 million to $145 million for fiscal 2013, reflecting continued investments to support strategic growth.

J. Crew Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. The company's revenues increased 21% to $642.9 million (which includes $21 million generated in the 14th week), with comparable company sales increasing 11%. Comparable company sales increased 6% in the fourth quarter last year. Store sales increased 18% to $416.9 million. Store sales increased 16% in the fourth quarter last year. Direct sales increased 27% to $217.3 million following an increase of 10% in the fourth quarter last year. Operating income decreased slightly to $41.4 million, or 6.4% of revenues from $41.7 million, or 7.9% of revenues, in the fourth quarter last year. Operating income this year includes additional share-based and incentive compensation of $9.3 million. Operating income last year benefited from transaction-related net insurance recoveries, partially offset by amortization of inventory step-up noted above. Adjusted EBITDA increased to $70.4 million from $59.5 million in the fourth quarter last year. Income before income taxes was $14,597,000 against $16,587,000 a year ago. Net income was $10,205,000 against $15,147,000 a year ago. EBITDA was $64.0 million against $61.9 million a year ago. Cash flows from operating activities were $100.6 million against $109.2 million a year ago. Capital expenditures were $22 million and were $132 million for fiscal 2012. This reflects expenditures to support its key growth initiatives, including 39 net new stores, information technology enhancements, warehouse and corporate office expansion and store renovations. Revenues increased 20% to $2,227.7 million (which includes $21 million generated in the 53rd week), with comparable company sales increasing 13%. Comparable company sales increased 3% last year. Store sales increased 21% to $1,546.6 million. Store sales increased 7% last year. Direct sales increased 19% to $651.5 million following an increase of 11% last year. Operating income increased to $253.7 million, or 11.4% of revenues, from $185.8 million, or 10.0% of revenues, last year. Operating income this year includes additional share-based and incentive compensation of $34.4 million. Net income was $96.1 million compared to $51.5 million last year. Adjusted EBITDA increased to $359.6 million compared to $282.2 million last year. Income before income taxes was $151,974,000 against $84,450,000 a year ago. EBITDA was $335.9 million against $260.0 million a year ago. Cash flows from operating activities were $194.3 million against $145.2 million a year ago.