J. Crew to open first UK store on London's Regent Street US brand J. Crew have confirmed they will open their first store outside of North America on London's Regent Street late next year. We emitted a small squeak of joy when J. Crew's creative director Jenna Lyons confirmed back in February that the company were scouting locations for their first London store, and now they've finally confirmed just where it will be - 165 Regent Street. Are you in the J. Crew? "We've waited a long time for this," Millard "Mickey" Drexler, J. Crew's chairman and chief executive officer, told WWD . It's the next chapter in our growth and our future. It's an important flagship location on arguably one of the most important streets in one of the most important locations in the world. Slated to open in late 2013, not only will it be the brand's first UK store, it will be their first store outside of North America. "We felt comfortable being there," Dexler said of their decision to make London their first overseas foothold. We share the same language. We are not pioneers here. A lot of other [U.S. retailers] have been here and have been successful here. It's an incredibly important fashion city. London was an easy decision - it's a place where people understand and respect the integrity of great style and great design. But the first consideration was our customers. We've had a lot of visitors coming from London wishing they had a J. Crew in London. This was not a difficult decision. J. Crew launches online in the UK Set over two levels, the 17,000-square-foot store, which used to be home to Burberry, will house two separate shops - one men's, one women's, each with their own entrance. The announcement comes as the group revealed that net income rose 54 percent to £20.7 million ($33.2 million) in the third quarter ended Oct. 29, compared to £13.4 million ($21.6 million) in the same period last year.