News Release

J.Crew Group, Inc. Announces Earnings Release Date, Conference Call and Webcast for First Quarter Fiscal Year 2012 Results

May 24, 2012 at 5:14 PM EDT

New York, New York (May 24, 2012) — J. Crew Group, Inc. today announced that the Company will host a conference call to discuss its first quarter fiscal year 2012 financial results on Thursday, May 31, 2012 at 11:00 am Eastern Time. The call will be hosted by James S. Scully, Chief Administrative Officer and Stuart Haselden, Chief Financial Officer. The first quarter fiscal year 2012 results press release will be issued prior to the conference call.

Investors and analysts interested in participating in the conference call are invited to dial (877) 407-3982 approximately ten minutes prior to the start of the call. The conference call will also be webcast live at A replay of the webcast will remain available for 90 days. A replay of the conference call will be available beginning at 2:00 p.m. ET on May 31, 2012 until 11:59 p.m. ET on June 7, 2012 and can be accessed by dialing (877) 870-5176 and entering conference ID number 393917.

To access the first quarter fiscal year 2012 press release and SEC filings, including the first quarter fiscal 2012 Quarterly Report on Form 10-Q please visit the investor relations section of the Company’s website at:

About J.Crew Group, Inc.
J. Crew Group, Inc. is a nationally recognized multi-channel retailer of women's, men's and children's apparel, shoes and accessories. As of May 21, 2012, the Company operates 277 retail stores (including 229 J.Crew retail stores, 9 crewcuts stores and 39 Madewell stores), the J. Crew catalog,, the Madewell catalog,, and 96 factory outlet stores. Additionally, certain product, press release and SEC filing information concerning the Company are available at the Company's website

Certain statements herein are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and actual results of operations may differ materially from historical results or current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the strength of the economy, changes in the overall level of consumer spending or preferences in apparel, the performance of the Company's products within the prevailing retail environment, trade restrictions, political or financial instability in countries where the Company's goods are manufactured, postal rate increases, paper and printing costs, availability of suitable store locations at appropriate terms and other factors which are set forth in the Company's Form 10-K and in all filings with the SEC made by the Company subsequent to the filing of the Form 10-K. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.