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Where we will get our client-facing clothes??

likefunny

WFH don’t need it anymore 🤣

I love JCrew. Nobody knows how to make a proper slim (but NOT skinny) cut suit or sport coat like they do. This will give them the chance to ditch a bunch of their bad debt, get out of bad long term leases, etc, and ultimately emerge stronger. I'm rooting for them.

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Deloitte charged them $27M and they still went bankrupt? I wouldn’t pay either

Anyone else think the quality of J Crew has gone down over the years? I loved j crew 10+ years ago.

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What has happened, I think, is that they have introduced some lower cost lines that are cheaply made. Don't buy a "mercantile" item expecting it to be high quality. It won't be. Mercantile is their compete against Walmart line. I don't think their clothes are the issue at all, or the volume of sales. The problem is idiotic mismanagement leading to high debts, and being stuck with a bunch of long term leases in dying malls. Ditch the bad leases, ditch the bad debt, and they should be able to turn a profit.

Biggest loser in this is Deloitte, by a long shot.

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Yey to that?

likefunny

I’m okay with that.

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All the companies who were struggling before this, will go down. I’d bet Gap and Old Navy are next.

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Old navy’s modest successes are desperately trying to prop up Gap and Banana Republic (all part of the same company). I think they’ll all fold or be sold off.

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I think the picture is from the 30Rock J Crew

likefunny

I’m shook

funny

This happened hours ago so....old news

funny

Some of us are actually working, so not everyone can be on his or her phone all morning reading news. Plus, it's called effectively communicating to an audience that may or may not have been informed. Take a lap.

smart

Been floundering for years.

Got screwed over by Covid and not being able to IPO madewell

Jcrew used to be great... then the body positivity activist CEO started making everything baggy... slim form fitting design was their competitive advantage but they thought pleasing everyone was more important than keeping their long time customers.

It’s a wrap for Neiman Marcus too

Had a great run.

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