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Report: Drexler seeks help to turn around struggling J. Crew


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.

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