J.Jill news and archive

J.Jill completes refinancing with new 75 million dollars term loan

J.Jill, Inc. has announced the successful completion of a refinancing agreement, replacing its existing credit facility with a new 75 million dollars senior secured five-year term loan facility. The facility, provided by an affiliate of Manulife | Comvest Credit Partners, CCP Agency, LLC, as administrative agent and sole lead arranger, replaces...

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J.Jill Q3 earnings beat but provides cautious Q4 outlook

J.Jill, Inc. reported financial results for the third quarter of fiscal year 2025, with net sales decreasing slightly by 0.5 percent to 150.5 million dollars, while total company comparable sales saw a 0.9 percent decline. Notably, direct-to-consumer net sales, representing 46.8 percent of total net sales, increased by 2 percent. Adjusted net...

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J.Jill appoints first chief growth officer

US lifestyle brand J.Jill has named Viv Rettke as its first chief growth officer, effective immediately. The creation of the new role comes as J.Jill sets about on a "holistic growth strategy, aligning brand, marketing, and direct and retail sales channels”, a press release stated. Rettke will also be responsible for direct channel performance,...

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J.Jill reports improving sales trends in Q2

J.Jill, Inc. announced its financial results for the second quarter of fiscal 2025, with CEO Mary Ellen Coyne noting sequential improvements in sales trends throughout the quarter. She highlighted that customer traffic improved and sales were boosted by the summer sale period, allowing the company to align its inventory with current trends ahead...

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J.Jill names Courtney O’Connor as chief merchandising officer

US brand J.Jill has appointed Courtney O’Connor as senior vice president, chief merchandising officer. O’Connor, who will step into the role from June 30, will succeed Shelley Liebsch, who is exiting the company “to pursue other opportunities”. O’Connor joins the lifestyle label from Club Monaco, where she most recently served in the same title...

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J.Jill: Q1 sales decline, withdraws fiscal 2025 guidance due to uncertainty

J.Jill’s first quarter financial results revealed a decline in sales amidst a challenging retail landscape. The announcement also highlighted the recent appointment of Mary Ellen Coyne as the company's new chief executive officer and president, who shared her initial impressions and strategic outlook for the brand. For the first quarter ended...

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J.Jill reports resilient full-year results but cautious start to FY25

Women’s wear retailer J.Jill delivered steady full-year results but anticipates a slower start to the new fiscal year. The company’s net sales for the year ended February 1, 2025 increased 0.5 percent to 610.9 million dollars, while comparable sales increased by 1.5 percent. Net income per diluted share improved to 3.47 dollars, while adjusted...

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Mary Ellen Coyne to take helm at J.Jill in May 2025

J.Jill, the apparel and accessories brand, has appointed Mary Ellen Coyne as chief executive officer and president, effective May 1, 2025. Coyne, who brings more than 30 years of industry experience, will also join the company’s board of directors. She succeeds CEO Claire Spofford, who announced her retirement in December and will step down on...

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J.Jill reaffirms Q4 and full year outlook

Reaffirming its fourth quarter outlook, J.Jill said that the company continues to expect net sales to be down 4 percent to 6 percent, while comparable sales to be up 1 percent to 3 percent. The company added that adjusted EBITDA is expected to be in the range of 12 million dollars to 14 million dollars. For fiscal 2024, the company continues to...

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J.Jill posts positive Q3, announces CEO Claire Spofford to retire next year

J.Jill reported third quarter net sales increased 0.3 percent to 151.3 million dollars, while comparable sales, which includes comparable store and direct to consumer sales, decreased by 0.8 percent, negatively impacted by approximately 50 basis points due to hurricane-related disruptions in the quarter. The company also announced that Claire...

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J.Jill’s Q2 sales drop marginally, cuts outlook

For the second quarter, J.Jill’s net sales decreased 0.9 percent to 155.2 million dollars, while comparable sales increased by 1.7 percent for the quarter under review. For fiscal 2024, the company is lowering its guidance and now expects net sales to be about flat to up 1 percent and for adjusted EBITDA to decline in the range of 4 percent to 9...

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Courtnee Chun joins J.Jill’s board of directors

J.Jill retail store Credits: Ritu Jethani via Dreamstime J.Jill has appointed Courtnee Chun to its board of directors, effective September 3, 2024. Chun will serve on the compensation and audit committees. “Courtnee has advised public companies throughout her career. Her extensive expertise in investor relations and strategic planning, combined...