J Crew Sales Up 14 Percent In 3rd Quarter
STEVE INSKEEP, host:
When a president wins an election by so many votes than he can even get other politicians elected, it's said that he brings them in on his coattails, or that he has long coattails. President Obama has yet to show if he can bring people in on his coattails, but it seems members of his family have long coattails when it comes to clothes and helping out a particular retailer.
J. Crew is one of the companies favored by Michelle Obama. She and her daughters have been seen and photographed wearing their preppy clothing styles, which can't hurt for J. Crew. Yesterday the company said sales in the last quarter rose 14 percent, and with the help of cost-cutting, profits more than doubled over last year.
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