It was another not-so-pretty quarter for J.Crew.
The preppy clothing retailer announced that total revenue for its second quarter was down 4 percent to $569.8 million, or a loss of $8.6 million.
J.Crew CEO Mickey Drexler attributed the disappointing quarter to a “challenging traffic environment.”
Still, on the bright side, the loss was not as bad as the same period last year, when J.Crew saw traffic drop by 11 percent for a quarterly loss of $13.6 million.