J.Crew NNN Properties for Sale
Are you looking to buy or sell a J.Crew Ground Lease Property, or NNN Lease J.Crew Property for passive investment? If you would like to buy or sell Net Lease J.Crew Properties, please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
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| Type | Private |
|---|---|
| Industry | Retail |
| Founded | 1947 (as Popular Merchandise, Inc.) 1983 (as J.Crew) |
| Founders | Mitchell Cinader Saul Charles |
| Headquarters | 225 Liberty Street, New York City, New York, U.S. |
Number of locations | 506 (2018) |
Key people | Libby Wadle (CEO) |
| Products | Clothing, shoes, and accessories |
| Revenue |  US$2.54 billion (2019)[1][2] |
| US$−78.8 million (2019)[1] | |
| Total assets | US$1.599 billion (2019)[1] |
| Total equity |  US$−1.35 billion (2019)[1] |
| Owner | Anchorage Capital Group and Leonard Green & Partners[3] |
Number of employees | 9,400 (2019)[1] |
| Divisions | J.Crew crewcuts The Liquor Store (defunct) The Ludlow Shop J.Crew Factory J.Crew Mercantile Madewell |
| Website | JCrew.com |
Crew – One of the Largest Private Retail companies in America
J.Crew group is an American multi brand, multi channel, and specialty. The company offers an assortment of women’s, men’s and children’s apparel and accessories as well as the j.crew real estate. The j. crew and madewell trademarks and variations thereon like the crewcuts, are registered or are subject to awaiting trademark applications with the United States Patent and Trademark Office and with the registries of many foreign countries. It believes its trademark to have significant value and intends to continue protecting the latter vigorously against infringement.
The company licensed its J. Crew trademark to Itochu Corporation in Japan for which it received royalty fees based on a percentage of sales of property or properties. It also got the licensing revenue on the year of 2006, 2007 and 2008. and established many branches all over the world. Some of the prominent locations of its branches include Atlantic City, New Jersey, Columbus, Florida, Alabama, Michigan, Georgia, Washington Dc, South Carolina, Maryland, Ontario, Pennsylvania, Georgia and more.
Current market value
As of august 2016, it operates more than 450 retail stores all over the united sates. The company conducts its business via the retail, factory, madewell stores, catalogs, crewcuts and online as well as real estate. Crew credits it’s on target fashion sense and lean inventories for its strong sales growth in the recent years. On the other hand, the company’s net revenue increased in fiscal 2016 by 3% to $2.51 billion due to a increased in revenues from the J.Crew segment.
In fiscal 2016, the company’s net gain increased by 89% to $1.24 billion due to higher net revenues and higher impairment gains, related to the write down value of goodwill, intangible assets, and certain long-lived assets. Total revenues increased 6% to $2,579.7 million. Comparable company sales decreased 1% following an increase of 3% last year. Total e-commerce sales increased 9% to $826.2 million that following an increase of 16% of investment property last year. Cash and cash equivalents were $111.1 million compared to $156.6 million at the end of the fourth quarter last year.
The inside story of the J.Crew
J.Crew started in the year of 1983 with the mailing of its initial catalog. Today, the company operates in various fields of business, such as retail, real estate, outlet stores and much more all around the world. In the year of 2003, the Millard Mickey Drexler joined J.Crew as chairman and CEO, pushing service, innovation and qualities to the next level of the company. On January 3, 2017, the board of directors of J. Crew Group, Inc. appointed Chad A. Leat and Richard D. Feintuch to the Board. The Company and either of Mr. Leat or Mr. Feintuch do not share any transaction that would require disclosure under Item 404 of Regulation S-K of franchisee/ franchise. The new director appointments further increased the size of the Board to eight members. In 2004, J.Crew got the right of entry to the Madewell, the celebrated brand for women’s jeans, shoes, bags, t-shirts, dresses, etc.
How it works?
Containing the large amount of presence in all over the world, the company is still searching for additional opportunities of expansions. It is carefully looking to get the perfect location to open the more branches in the international level with the minimum amount of cost. There are 6,337 custom color chips in the Color Library and its Style Guide is popular in 43 different countries. It left the minimum amount of lease investment as it expects millions of profits in the corporate. For people looking out for investment opportunities, putting their money in J.Crew properties could turn out to be a profitable one.
