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J.Jill, Inc. (NYSE:JILL) announced Tuesday that Shelley Liebsch, the company’s Senior Vice President and Chief Merchandising Officer, will depart from the company effective July 1. The information was disclosed in a press release statement filed with the Securities and Exchange Commission.
According to the filing, Ms. Liebsch will receive severance benefits in accordance with the terms of her offer letter with the company. No further details regarding the reasons for her departure or terms of the severance were provided. Despite recent market challenges, InvestingPro analysis shows the company maintains impressive gross profit margins of 70% and trades at an attractive P/E ratio of 6.2.
J.Jill is a women’s apparel retailer headquartered in Quincy, Massachusetts. The company’s common stock is listed on the New York Stock Exchange under the ticker JILL.
The announcement was signed by Kathleen B. Stevens, Senior Vice President, General Counsel, Secretary and ESG.
In other recent news, J.Jill Inc. reported its first-quarter 2025 earnings, showcasing an earnings per share (EPS) of $0.88, slightly above the forecasted $0.87. However, the company’s revenue fell short of expectations, coming in at $153.6 million compared to the anticipated $158.7 million. This revenue miss has contributed to the company’s decision to withdraw its full-year guidance, citing economic uncertainties. Additionally, TD Cowen has lowered its price target for J.Jill from $22 to $16, maintaining a Hold rating on the stock due to weaker-than-expected sales and ongoing market challenges.
The company has also announced a significant executive change, appointing Courtney O’Connor as the new Senior Vice President and Chief Merchandising Officer, effective June 30, 2025. O’Connor brings extensive experience from her previous roles at Club Monaco and Ralph Lauren (NYSE:RL). Despite these leadership changes, J.Jill is navigating a tough economic landscape, with a decrease in gross margin and challenges in consumer spending.
J.Jill’s gross margin decreased by 110 basis points to 71.8%, and its adjusted EBITDA was $27.3 million, down from $35.6 million in the previous year. The company plans to invest $20-25 million in capital expenditures and is adjusting its store opening plans, now aiming for 1-5 net new stores. The retailer is focusing on strategic investments in marketing and systems to mitigate challenges and explore new product opportunities.
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