is mostly due to cost cutting which is not sustainable and can not repeated each qtr.

From WSJ today.

"The retail industry has been hit by a sharp contraction in consumer spending. J. Crew, like its competitors, has spent the last year cutting costs, including reducing inventory and slowing store openings. In February, it eliminated 95 positions in its corporate office and distribution centers. At that time, it also suspended 401(k) contributions and eliminated merit-based wage increases for all employees."


Already they had to award a $1M bonus to one person. The others will ask for higher comp all this while consumer spending is going down.

Stock has moved from $8 to over $40. Being pushed so that insiders and large investors can get out. Take a look at how many insiders are selling and no insider is buying at this price. We are still losing jobs each month. US policies wouild only make things worse.