J. Crew Group Inc., an operator of casual-clothing stores, had its first profit since former Gap Inc. chief Millard Drexler was hired as chief executive seven months ago.
It posted fiscal second-quarter net income of $15.2 million, contrasted with a net loss of $7.1 million a year earlier. Sales in the period ended Aug. 2 fell less than 1% to $167.1 million, the closely held firm said. Sales at stores open at least a year rose 2%.