News Release

J.Crew Group Postpones First Quarter Conference Call To June 10th

June 9, 2005 at 12:00 AM EDT

Nicholas Lamberti
Acting Chief Financial Officer
(212) 209-8640

Owen Blicksilver
Owen Blicksilver PR
(516) 742-5950


NEW YORK (June 9, 2005) - J.Crew Group, Inc. has postponed the first quarter conference call and simultaneous webcast to Friday, June 10, 2005 at 11 a.m. Eastern Daylight Time. The Company expects to issue its earnings release prior to the conference call.

To access the Company's earnings release on June 10, 2005, please visit and click on "Help" and "Investor Relations." To access the webcast of the conference call, please visit (click on "Help" and "Investor Relations") or

A replay of the conference call will be available through June 17, 2005 at (888) 286-8010, reference #45237865. The webcast will also be archived at and

Inventory at April 30, 2005 was $105 million, up 24% from the comparable period last year. The increase in inventories is consistent with our strong sales performance and a conservative inventory strategy in last year's first quarter. There were no outstanding borrowings under the Company's working capital facility during the quarter.

J.Crew Group, Inc. is a leading retailer of men's and women's apparel, shoes and accessories. The Company operates 157 retail stores, the J.Crew catalog business,, and 43 factory outlet stores.

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.