J.Crew swings to Q4 net loss of 74.4 million dollars

J.Crew Group, Inc. said that gross margin for the fourth quarter decreased to 22.4 percent from 36.7 percent in the fourth quarter last year. Operating loss, the company said, was 64.2 million dollars compared with an operating income of 4.9 million dollars in the fourth quarter last year and net loss for was 74.4 million dollars compared with net income of 34.7 million dollars in the fourth quarter last year. Adjusted EBITDA loss was 31.9 million dollars compared with 63.4 million dollars in the fourth quarter last year.