Glancy Prongay & Murray Reminds Investors of the December 12th Deadline in the Class Action Lawsuit Against J. Jill, Inc. (JILL)

Glancy Prongay & Murray LLP ("GPM") reminds investors of the December 12, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased J. Jill, Inc.("J. Jill" or the "Company") JILL shares pursuant and/or traceable to the Company's initial public offering on March 9, 2017, (the "IPO"); and/or, between March 9, 2017 and October 13, 2017, inclusive (the "Class Period"). J. Jill investors have until December 12, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the J. Jill case page on our website at www.glancylaw.com/case/jjill-inc.

Investors suffering losses on their J. Jill investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to shareholders@glancylaw.com.

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.

The complaint filed in this class action alleges that the Registration Statement filed in connection with the IPO contained false and misleading information because J. Jill's purportedly unique and superior sales and marketing approach had not insulated the Company from adverse trends affecting the overall retail industry, like it claimed. Specifically, the Registration Statement failed to disclose, inter alia: (i) that J.Jill's purportedly unique and superior sales and marketing approach had not insulated the Company from adverse trends affecting the overall retail industry; (ii) that J.Jill's historic gross margin growth was not sustainable and would not continue, as it relied on revenues from shipping fees, increased promotional efforts and other short-term boosts to revenues; (iii) that the Company was carrying increasing amounts of slow moving inventory and would need to significantly markdown sales items and increase promotional efforts in an attempt to continue its sales growth; (iv) that the Company's brick-and-mortar stores were failing, as they were experiencing difficulty attracting customers and maintaining profitability, which would result in the Company shuttering up to eight stores in fiscal 2017, with the rate of store closures accelerating; and (v) that J.Jill's business, prospects and ability to service its long-term debt had been materially impaired.

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If you purchased shares of J. Jill during the Class Period you may move the Court no later than December 12, 2017 to ask the Court to appoint you as lead. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley 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.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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