J. Crew to Discontinue Bridal-Wear Business in Latest Shift
(Bloomberg) -- J. Crew Group Inc. will end its foray into bridal wear as the preppy apparel chain struggles to find the right formula to win back shoppers.
The company is better off concentrating its efforts elsewhere, said J. Crew spokeswoman Margot Fooshee, who confirmed the decision after it was reported by Business Insider.
The retailer plans to “focus on what women like to wear to someone else's wedding, versus what they would wear to their own,” she said in an e-mail.
J. Crew has been trying to recapture the allure of its brand after a long slump. Same-store sales -- a closely watched measure -- plunged 8 percent in the second quarter. That was the eighth straight quarter of declines and slightly worse than the 7 percent drop it reported in the previous three months.
In August, Chief Executive Officer Mickey Drexler blamed a “challenging traffic environment” for hurting business. Drexler has been trying to bring customers back to J. Crew after fashion missteps and price increases alienated shoppers. The company also said it would sell a limited collection of women's clothing through Nordstrom Inc.'s stores and website.
In its report on the company killing its bridal line, Business Insider said J. Crew was discounting wedding gowns by as much as 70 percent.
To contact the reporter on this story: Lindsey Rupp in New York at lrupp2@bloomberg.net. To contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Kevin Orland, Mark Schoifet
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
-
Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.
