J crew news

Here are some recent news and updates about J.Crew:

Financial Struggles

• In February 2021, J.Crew filed for Chapter 11 bankruptcy protection, citing the impact of the COVID-19 pandemic on its business.
• In July 2021, the company announced that it had emerged from bankruptcy and was now operating under the ownership of a new entity, J.Crew Group, Inc.

Store Closures

• In 2020, J.Crew announced that it would be closing around 60 stores across the United States, citing the need to adapt to changing consumer behavior and the rise of e-commerce.
• In 2021, the company announced additional store closures, with plans to shutter around 20 more locations.

New Leadership

• In June 2021, J.Crew announced that it had appointed a new CEO, Jan Singer, who previously served as the CEO of Victoria's Secret.
• In August 2021, the company announced that it had appointed a new Chief Creative Officer, Somsack Sikhounmuong, who previously served as the creative director of J.Crew's women's division.

New Initiatives

• In 2021, J.Crew launched a new loyalty program, called J.Crew Rewards, which offers customers rewards and benefits for shopping at the brand's stores and online.
• The company has also been investing in its e-commerce platform, with plans to improve the online shopping experience and expand its digital offerings.

Sustainability Efforts

• In 2020, J.Crew announced that it had set a goal to reduce its carbon footprint by 50% by 2025, and to achieve net-zero emissions by 2050.
• The company has also been working to reduce waste and increase recycling in its supply chain, and has launched a program to encourage customers to recycle their old clothes.

I hope this information is helpful!