When apparel retailer J.Jill went public on the New York Stock Exchange in March, it was worth noting for a few reasons.
First, the Quincy, Mass.-based company’s IPO was the first such debut of 2017. Second, the company is led by CEO Paula Bennett. Female CEOs are rare atop the corporate ladder – and as for IPOs? They’re virtually nonexistent. Less than 3% of all IPOs in the past decade have been led by a female CEO.
Bennett is joining the Center for Operational Excellence at its next Women’s Leadership Forum on Friday, June 23, where employees of member companies are invited to network over breakfast and then hear her insights on how she’s enabled her team to deliver consistent profitable growth within a shifting retail landscape. Bennett also will share how the J. Jill team has turned obstacles into opportunities to create a strong and growing business with a loyal and growing customer base.
If you’re not familiar with J.Jill, the company has 275 stores in 43 states targeting affluent customers in the 40-65 age segment. The company has an omni-channel platform that spans its retail stores, website and catalogs.
J.Jill reported sales for its most recent fiscal year of $639 million, making it part of the fast-growing middle-market retail segment. The company was founded in 1959 – its name is a nod to the co-founders’ daughters – with its only sales channel through catalogs. The company jumped into e-commerce and opened its first retail stores in 1999. In recent years, J.Jill has seen robust top- and bottom-line growth as it has expanded, culminating in its spring IPO.