News

J.Crew promotes the head of Madewell to take over the company, as its CEO exits after just one ‘brutal’ year leading the struggling clothing company

J. Crew promoted Madewell head Libby Wadle as its new CEO, the company announced Tuesday. Wadle will replace Jan Singer, who took over in January after the struggling private-equity-backed retailer went more than a year without a leader while trying to revive its brand. “The continued executive turnover at J.Crew […]
J.Crew promotes the head of Madewell to take over the company, as its CEO exits after just one ‘brutal’ year leading the struggling clothing company
News

J. Crew is closing 8 stores — see if yours is on the list

J. Crew is closing at least eight stores after filing for bankruptcy in May. It disclosed which stores are currently slated to close in recent bankruptcy court filings. The retailer declined to comment further on the closures. Visit Business Insider’s homepage for more stories. J. Crew is preparing to close […]
J. Crew is closing 8 stores — see if yours is on the list
Strategy

7 iconic brands beloved by millennials that are disappearing

Chuck E. Cheese filed for Chapter 11 bankruptcy on June 25. It is just the latest brand once beloved by millennials to face its downfall. A number of now-nostalgic brands like Limited Too and Claire’s filed for bankruptcy in recent years, along with brands that couldn’t compete with technological innovations […]
7 iconic brands beloved by millennials that are disappearing
News

The rise and fall of J.Crew

J. Crew was arguably the most popular clothing brand in the US in the 2000s. The company filed for bankruptcy in 2020 in the midst of the novel coronavirus pandemic. But sales were declining before the pandemic ever hit, proving the pandemic acted only as a catalyst. This is the […]
The rise and fall of J.Crew
News

Neiman Marcus, J. Crew, and True Religion are among the first US retailers to file for bankruptcy as the pandemic takes its toll. Here’s the full list so far.

Some of the country’s biggest retailers are starting to fail and file for bankruptcy as the coronavirus pandemic continues to decimate the industry. Experts say we expect to see other retailers following suit in the next few weeks and months. Here’s who has filed for bankruptcy so far. Visit Business […]
Neiman Marcus, J. Crew, and True Religion are among the first US retailers to file for bankruptcy as the pandemic takes its toll. Here’s the full list so far.
News

2 major problems haunted J. Crew even before coronavirus arrived

J. Crew Group filed for bankruptcy as the coronavirus pandemic has forced temporary store closures. But the retailer was facing at least two major challenges even before the crisis – namely, a heavy debt load and a struggle to find its identity. “They will have to signal that their brands […]
2 major problems haunted J. Crew even before coronavirus arrived
News

J.Crew’s ‘crown jewel’ Madewell files for an IPO

Madewell filed to go public on Friday, a process that would split the company from its sister brand, J.Crew. CEO Libby Wadle said in a filing with the SEC that Madewell will focus on “driving outsized growth in e-commerce, expanding our product range and further developing our membership program.” The […]
J.Crew’s ‘crown jewel’ Madewell files for an IPO
News

J.Crew’s website is on day 4 of tech glitches after crashing on Black Friday

J.Crew’s website crashed on Black Friday, the biggest shopping day of the year. The retailer has continued to battle technical difficulties over the weekend and into Cyber Monday. Walmart, Lowe’s, and Lululemon all dealt with website crashes last week, as online shopping traffic surged. J.Crew’s website is on its fourth […]
J.Crew’s website is on day 4 of tech glitches after crashing on Black Friday
News

Stores like Walmart, Lowe’s, and J.Crew have a new nightmare for Black Friday — and it signals a fundamental shift in how we shop

Walmart,Lowe’s, and J.Crew are just a few of the retailers dealing with technical difficulties this Black Friday. Shoppers encountered glitching and crashing websites on Wednesday, Thursday, and Friday as the holiday shopping season kicked off. The core problem seems to be that many retailers were unprepared for the increased traffic, […]
Stores like Walmart, Lowe’s, and J.Crew have a new nightmare for Black Friday — and it signals a fundamental shift in how we shop
News

J.Crew CEO James Brett steps down after just 17 months

J.Crew’sCEO James (Jim) Brett is stepping down from the company. Brett, who took up the position in June 2017, had been leading the charge in J.Crew’s turnaround efforts after several years of flagging sales. Last quarter, J.Crew announced its return to positive same-store sales growth for the first time in […]
J.Crew CEO James Brett steps down after just 17 months
News

The curse that sank Toys R Us is now haunting J.Crew

J.Crew is in danger of sinking under a $US1.7 billion debt load. The debt was mostly accumulated from a 2011 leveraged buyout, which took it private. A similar thing happened with Toys R Us, which couldn’t sustain its debt load and eventually went bankrupt. Toys R Us closed its remaining […]
The curse that sank Toys R Us is now haunting J.Crew