Headlines

J.Crew Cuts Dozens of Corporate Positions

The retailer is reducing its corporate ledger after years of financial woes

Published

5 years ago

July 31, 2019

VMSD_Olivia

J.Crew Group (New York) cut "dozens of positions at its New York corporate headquarters," according to WWD and is turning to their Madewell (New York) brand as a safeguard.

With the most recent quarter, J.Crew Group opened one J.Crew store and 10 Madewell stores. The company plans to close 20 J.Crew and factory stores. Unlike the rest of the group, Madewell has a permanent CEO and could go public.

J.Crew has had its share of executive shakeups: chief executive James Brett left in November, longtime chairman Mickey Drexler left in January, and two years ago, the company slashed 250 jobs, mostly from the corporate office.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design