LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of J.Jill, Inc. (“J.Jill” or the “Company”) (NYSE: JILL) investors concerning the Company and its officers’ possible violations of federal securities law. To obtain information or aid in the investigation, please visit the J.Jill page on our website at www.glancylaw.com/case/jjill-inc.
The investigation concerns whether certain statements regarding J.Jill's business and prospects were false and misleading.
On October 11, 2017, J.Jill announced that the Company was updating its guidance for the third quarter ending October 28, 2017. Specifically, the Company now expects total company comparable sales of -3% to -5%, with a moderate decline in gross margin as compared to last year.
On this news, J.Jill’s stock price fell $5.07 per share, or more than 50%, to close at $4.86 per share on October 12, 2017, thereby injuring investors.
If you purchased J.Jill securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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