J CREW news and archive

J.Crew teams up with USA Swimming

American retailer J. Crew has unveiled a limited-edition collection with USA Swimming ahead of the Summer Olympics in Paris. The USA Swimming x J.Crew collection celebrates the retailer’s heritage of a coastal lifestyle and takes inspiration from vintage swimming graphics and 90s beach apparel. The collection features apparel and accessories...

RetailFeatured

Does the middle market fashion consumer still exist?

New York - In their heyday, middle market mall brands reigned as royalty in American fashion and retail. The Gaps, Banana Republics, and J. Crews of the world were go-to apparel stores for those looking for everything from something casual to hang out with their friends to more formalwear in the case of Banana Republic and J. Crew. In the rising...

People

Mickey Drexler, the former Gap and J. Crew chief, appointed CEO of Alex Mill

Mickey Drexler, the former heavyweight boss at Gap and J. Crew, has been appointed CEO of Alex Mill, the company founded by his son. Drexler, who famously turned around a stale J. Crew in the early oughts after having made the Gap a fashion destination, had a magic touch revamping both businesses with his eye for detail, but left after the...

PeopleFeatured

J.Crew Group makes slew of appointments to management team

J.Crew has announced a raft of executive appointments and new board members as the US retailer looks to “advance its long-term strategic growth plan” after emerging from bankruptcy late last year. Jose Davila has been appointed chief people officer where he will guide the company’s overall people strategy and execution. Davila has 25 years of...

Fashion

J. Crew announces new commitment to cashmere production

J.Crew has stated that 100 percent of all cashmere sweaters and non-apparel pieces from the newly launched spring 2021 collection and onwards, will be produced using The Good Cashmere Standard® (GCS) certified cashmere, a first-of-its-kind commitment among U.S. retailers. The Good Cashmere Standard® (GCS) was developed by the Aid by Trade...

BusinessFeatured

2020: Fall of fashion brands, retailers and series of Chapter 11 bankruptcies

A look-back at the year 2020 reveals how fashion brands and retailers suffered due to dwindling sales, low footfall, high debts, high rentals, inefficient operations, out-dated merchandise assortment and high inventories, among other issues. The coronavirus pandemic added to the woes of these already troubled retailers leading them to file for...

PeopleFeatured

J. Crew names new CEO

In a surprise turn of events, J. Crew has named another new CEO. The company is replacing Jan Singer, who abruptly left the company as a shock to many internal employees. Libby Wadle, a J. Crew executive in charge of Madewell, will replace Singer. Singer spent less than a year in the role and saw J. Crew through a major bankruptcy restructuring....

People

Libby Wadle replaces Jan Singer as CEO of J.Crew

J.Crew Group has promoted Libby Wadle to chief executive officer of J.Crew and J.Crew Factory. She replaces Jan Singer, who had only served in the role since February of this year. Singer is departing the company as she "has elected to pursue other endeavors," according to a press release. "We thank Jan for her dedication and contributions to...

Fashion

J.Crew promotes voter participation with new capsule collection

J.Crew hopes to encourage Americans to vote this November through a new capsule collection. This launch follows the brand's support of the "Time to Vote" movement and announcement to close all of its stores, corporate offices, distribution center and customer service center on November 3 to allow employees paid time off to vote. The capsule...

RetailFeatured

J.Crew to close all six UK stores

US retailer J.Crew is to permanently close all six of its UK stores as it exits the country. The brand has appointed advisory firm FRP as liquidators to its UK business, The Guardian reports. The company has a head office in London and has around 80 employees. The brand opened a flagship store on London’s Regent Street back in 2013 and was also...

BusinessFeatured

J.Crew expects to exit Chapter 11 bankruptcy in early September

J.Crew Group, Inc. has announced it expects to exit Chapter 11 bankruptcy early next month after winning approval for its restructuring plan by the US Bankruptcy Court for the Eastern District of Virginia. The plan will equitize over 1.6 billion dollars of secured indebtedness, and provide a 400 million dollar exit asset-based loan facility as...

Video

Video: How private equity is demolishing fashion retail

J. Crew, Neiman Marcus and Barney's are just a few of the fashion retailers that have recently declared bankruptcy. Although, in these companies' cases it cannot only be blamed on a pandemic, bad business practices, or a failure to keep up with e-commerce. That is why CNN Business shared this 3-minute explanation on leveraged buyout's role in...