j crew group news and archive

Madewell expands its popular Insider loyalty program

Madewell has made changes to its loyalty program to help incentivize shoppers to spend more. The Madewell Insider program initially launched four years ago and is currently used by about 62 percent of the brand's shoppers. The program will now work on a point-based system to allow members more benefits. Insiders will earn a point for every...

Aug 27, 2020

Management

J.Crew swings to Q4 gain, extends Madewell IPO deadline

J.Crew Group has swung to a profit in the fourth quarter of the year and announced an extension to the deadline date of its upcoming IPO of its Madewell brand. For the three months to 1 February, the group reported net income of 1.5 million dollars compared with a net loss of 74.4 million dollars in the prior-year period. Total group revenues...

Mar 3, 2020

Business

Madewell IPO continues forward

The J.Crew Group has announced that it has reached an agreement that will officially separate its denim brand, Madewell, into an independent company. In a press release from the company, Michael J. Nicholson—the company’s president, chief operating officer and interim chief executive officer—shared that the terms of the transaction will also...

Dec 4, 2019

People

J. Crew names new Chief Customer Officer

J.Crew Group, Inc. has announced that it has named Billy May their new chief customer officer for the J.Crew Brand, effective July 15. As chief customer officer, he will lead customer-facing aspects of the business and be responsible for advancing J.Crew's digital transformation across marketing, loyalty, stores, and ecommerce. May will report...

Jun 17, 2019

Report

J.Crew Group: Madewell did well for Q1

The J.Crew Group Inc. announced that its results for the first quarter ending on May 4, 2019 saw a total revenue increase of 7 percent to 578.5 million dollars. Operating income was 22.1 million dollars, compared with an operating loss of 0.9 million dollars in the same quarter last year. Net loss was also down, resulting in 16.2 million...

May 30, 2019

Management

Chad Leat replaces Millard Drexler as Chairman of J.Crew Group

J.Crew Group, Inc. chairman and former chief executive officer Millard "Mickey" Drexler has retired to devote his full time to the development of Drexler Ventures, LLC and other interests. The company said that its board of directors has now elected Chad Leat to succeed Drexler as Chairman, effective immediately. Leat has served as a director of...

Jan 21, 2019

Business |REPORT

J Crew Q1 loss widens, revenues decline by 2 percent

J.Crew Group, for the three months ended May 2, 2015 said that its total revenues decreased 2 percent to 581.8 million dollars and comparable company sales decreased 8 percent following a decrease of 2 percent in the first quarter last year. J. Crew sales decreased 5 percent to 508.7 million dollars and comparable sales decreased 10 percent...

Jun 5, 2015