NEW YORK CITY–Despite a blunt statement that the United States is in a recession, J. Crew Group continues to grow, expanding all of its divisions and opening boutiques in Manhattan, executives said at its fourth-quarter conference call.

The company plans to open 43 new J. Crew Stores, five Madewells, 10 Crewcuts shop-in-shops and two to three freestanding Crewcuts. Among the new stores will be a small temporary men’s shop in New York City’s Tribeca neighborhood and a small women’s-only unit on the Upper East Side.

“We deal with it [the economic environment] as it is,” said Millard Drexler, J. Crew’s Chairman and CEO. “We’re not cutting back because we’re not doing anything frivolous.”

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