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Stock impact report

J.Jill, Inc. Announces Third Quarter 2020 Results

J. Jill, Inc. (JILL) 
Last j. jill, inc. earnings: 3/4 06:45 am Check Earnings Report
Company Research Source: Business Wire
QUINCY, Mass.--(BUSINESS WIRE)--J.Jill, Inc. (NYSE:JILL) today announced financial results for the third quarter ended October 31, 2020.James S. Scully, Interim Chief Executive Officer of J.Jill, Inc. stated, “Our third quarter results represent sequential topline improvement as the majority of our stores were reopened for the entire period. Direct sales were up 4% for the quarter and penetration remained healthy at over 60% of total sales. We have continued to be disciplined with regards to cost and inventory management, and we took aggressive actions to effectively clear units during the quarter to better align our inventory position with current demand. These actions, along with our improved financial flexibility through our recent agreement with our lenders, better position J.Jill as we continue to focus on driving profitable growth. As we embark on our next chapter, we are pleased to welcome our permanent CEO, Claire Spofford, who will join us early next year, and brings deep Show less Read more
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