Internet Retailer: J. Crew’s Q1 web sales fall faster than total sales

Against the rising tide of almost all e-commerce firms experiencing increased revenues, if not profits, J. Crew stubbornly continues to wallow in worsening losses. Internet sales dropped abruptly by 43 percent, to $21 million. General revenues fell only 9.3 percent. The company blamed the large Internet fall on "conservative inventory strategy." We'll say.