In a job swap made in design-conscious, semi-conservative yuppie heaven, West Elm President James Brett will become CEO of J. Crew, the ailing retailer that lost creative director Jenna Lyons in April. WWD reports that current CEO Mickey Drexler, who has helped the Crew for 14 years, is stepping down.
On Wednesday, according to the New York Times, J.Crew “eliminated” nearly 200 positions—175 to be exact—and announced the head of its women’s design team was out, too. J.Crew and its chief executive Mickey Drexler, who previously revitalized Gap and steered the creation of Old Navy, blamed the company’s 10 percent…
J.Crew is officially too expensive, and the price-point exasperation might be built upon the popularity of the brand’s creative director Jenna Lyons.
The folks at J.Crew say that little sister brand Madewell is all grown up and ready to move out. "Starting a company like this, where there is a commitment to fashion, quality and design, is not an easy process," says C.E.O. Mickey Drexler. "We weren't ready to take a more ambitious stand until we felt confident. It…
We still don't know who those Abercrombie-wearing toolbelts at the Barack Obama speech were. But we do, thanks to the media's dogged refusal to back away from this story, know they weren't sent by Abercrombie & Fitch. Employees of the world's worst company only gave a total of $500 to the Obama campaign, and that was…
Republican prepsters/Alex P. Keaton wannabes will rue the day they bought their seersucker suits, brushed-cotton blazers and striped belts from J. Crew. Dr. Peggy Drexler, wife of the company's CEO Mickey Drexler? Not such an enormous fan of the Bush administration! See, Dr. Drexler (a noted psychiatrist and…
