Legendary retailer Mickey Drexler, chairman and CEO of J. Crew, is working with McKinsey & Co. to develop a new business strategy for J.Crew, reported
The New York Post.
J. Crew is looking to reverse a two-year slump. In its most recent second quarter, same-store sales fell 8%, the eight straight quarter of declines.
According to the Post report, the changes being discussed include a greater emphasis on activewear and less on tailored clothing and a greater focus on online sales, which could result in the closing of some stores.
Click
here for more.