by Associated Press
Published: Thu, January 22, 2009 - 5:19 am CST
Last Updated: Thu, January 22, 2009 - 5:45 am CST
WASHINGTON (AP) - After his first full day in office, President Barack Obama has bumped up at least one company's fiscal outlook.Shares of J. Crew Group Inc. jumped after news spread that the first family donned items from the retailer during this week's inauguration.
President Barack Obama wore a white satin bow tie to all the Inaugural Balls Tuesday night. First lady Michelle Obama wore J. Crew gloves, a sweater and skirt from the company to different events. And daughters Malia and Sasha wore coats, dresses and other items from the retailer to various occasions celebrating their father's inauguration.
While the items were made specifically for the Obamas, J. Crew said customers can see highlights or similar items in upcoming
seasons.
Shares of J. Crew jumped 96 cents, more than 10 percent, in trading Wednesday to close at $9.99.
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