<Page>

                                                                    Exhibit 10.6

                                      2003
                       AMENDED INCENTIVE COMPENSATION PLAN

PURPOSE

This plan is designed to provide financial reward to employees of The J. Jill
Group and its subsidiaries for their contribution toward the attainment of the
company's financial goals in 2003.

PARTICIPATION

Participation in the plan and assignment of bonus percentages is made either by
the Compensation Committee of the Board of Directors in the case of executive
officers or by the President of the company in the case of everyone else. The
Compensation Committee and the President may also award additional bonuses at
their discretion.

ELIGIBILITY TO RECEIVE BONUS

-  Bonus plan participants will be eligible to receive their bonus if (i) the
   company meets or exceeds its fully diluted earnings per share target for the
   performance period and (ii) the Compensation Committee, in the case of
   executive officers, or the President, in the case of everyone else,
   determines in its or his discretion that bonuses shall be paid for such
   performance period.
-  Participants in performance counseling will not be eligible for a bonus
   payout for that season.
-  Participants must be actively employed for a minimum of three months in the
   season for which the bonus is earned.
-  Participants must be employed on the last day of the bonus performance
   period.
-  Participants terminated for cause will not be eligible for bonus.

CALCULATION OF BONUS PAYMENT

To determine the amount of bonus for which an employee is eligible, multiply the
employee's bonus percentage by his base salary earnings for the performance
period.

PERFORMANCE PERIOD

This plan pertains to the fiscal year ending December 27, 2003. For measurement
purposes the fiscal year will be divided into two seasonal performance periods:
                              Spring-December 29, 2002 to June 28, 2003
                              Fall-June 29, 2003 to December 27, 2003

<Page>

ADDITIONAL BONUSES

The Compensation Committee and the President may also award additional bonuses
at their discretion. The criteria for eligibility, the calculation of the bonus
payment and the performance period(s) for such bonuses shall all be determined
at the time of the additional bonus award.

PAYMENTS

Bonus payments will be made as soon as possible after the close of the
performance period (i.e.season).

EXAMPLE

Assume:     Base annual salary of $50,000 and a bonus percentage of 10%

CASE 1:     The Company meets the fully diluted earnings per share target for
            both seasons and the President determines in his discretion that
            bonuses will be paid for both periods:

<Table>
<Caption>
            Season             Salary         Bonus %     Bonus
            ------            -------         -------     -----
            <S>               <C>               <C>       <C>
            Spring            $ 25,000          10%       $ 2,500
            Fall              $ 25,000          10%       $ 2,500
                              --------                    -------

            Fiscal 2003       $ 50,000                    $ 5,000
                              --------                    -------
</Table>

CASE 2:     The Company meets the Spring fully diluted earnings per share target
            but not the Fall fully diluted earnings per share target and the
            President determines in his discretion that bonuses will be paid for
            the Spring performance period:

<Table>
<Caption>
            Season             Salary         Bonus %     Bonus
            ------            -------         -------     -----
            <S>               <C>               <C>       <C>
            Spring            $ 25,000          10%       $ 2,500
            Fall              $ 25,000         ---            ---
                              --------                    -------

            Fiscal 2003       $ 50,000                    $ 2,500
                              --------                    -------
</Table>