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J. Crew is Closing a Bunch of Stores This Year

If your closet is filled with J. Crew, you might want to stock up.

The brand announced recently that it will be closing 20 of its stores. It's been a slow decline for the company. The brand stopped producing its wedding and bridesmaid collection last November and then laid off 250 employees.

CEO Jim Brett explains that the brand will pivot to focus on "evolving pricing architecture to align with customer expectations."

You can expect to start seeing J. Crew items in some of your other favorite stores, including Nordstrom, in the near future. On the flip side, Madewell (J. Crew's sister store) is experiencing a boost in sales. They'll open up to 10 new stores this year.

 

Lauren Levine is a freelance writer who has contributed to publications and websites including The Charlotte Observer, U.S. News & World Report, American Way magazine, The Huffington Post, Hello Giggles, Bustle, Thrillist, Thought Catalog, and others.