Business > Briefing

J. Crew CEO James Brett Steps Down After 16 Months in Role

2 monthes ago   |   By Fortune

J. Crew Group Inc. CEO James Brett is stepping down after reaching an agreement with the clothing store chain's board of directors, the company announced.
His tenure as chief executive was brief. He replaced Mickey Drexler last summer amid declining sales and onerous debt payments. The reason for his exit wasn't disclosed, but the company cited his "passion and experience" that helped the struggling retailer reach more customers.
Brett's responsibilities will be given to four senior executives: Michael Nicholson, Adam Brotman, Lynda Markoe and Libby Wadle. The company is working on...
Read more ...

 

J. Crew CEO steps down despite signs of a turnaround at the clothing chain

2 monthes ago   |   By Los Angeles Times

J. Crew Group Inc. CEO James Brett is stepping down after reaching an agreement with the clothing store chain's board of directors, the company announced. His tenure as chief executive was brief. He replaced Mickey Drexler last summer amid declining sales and onerous debt payments. The reason for...
Read more ...

 

J.Crew CEO James Brett steps down after just 17 months

J.Crew CEO James Brett steps down after just 17 months

2 monthes ago   |   By Business Insider

J.Crew's CEO James Brett is stepping down from the company.
Brett, who took up the position in June 2017, had been leading the charge in J.Crew's turnaround efforts after several years of flagging sales.
Last quarter, J.Crew announced its return to positive same-store sales growth last quarter for the first time in four years.
The CEO of J.Crew is stepping down after just 17 months in the role.
In a statement to the press on Saturday, CEO James Brett, who joined the company in June 2017, hinted that a clash with the board may be the reason behind his departure.
"Returning J.Crew to its...
Read more ...

 


Search by Tags

   Briefing      Bloomberg      J. Crew  


9/11 fund running out of money for those with illnesses

9/11 fund running out of money for those with illnesses

The compensation fund for victims of 9/11 is running out of money and will cut future payments by 50 to 70 percent, officials announced Friday. Read more ...

Matt Kuchar backpedals in caddie-tipping controversy and will pay $50,000...

Matt Kuchar backpedals in caddie-tipping controversy and will pay $50,000 after widespread criticism

In November, Matt Kuchar won his first tournament in four years, taking home $1.3 million in prize money. He won the tournament with a substitute caddie, David Giral Ortiz, but... Read more ...

2 brothers were taken into custody as suspects in connection to the reported...

2 brothers were taken into custody as suspects in connection to the reported racist, homophobic attack on Jussie Smollett

Two brothers were arrested in connection to a reported hate attack on "Empire" star Jussie Smollett that occurred last month in Chicago. The Chicago Police Department confirmed... Read more ...

Democrats respond to Trump's national emergency declaration by calling for...

Democrats respond to Trump's national emergency declaration by calling for executive action to address gun violence and climate change

Democrats responded to President Donald Trump's declaration of a national emergency on Friday by calling for executive action on what they say are more pressing crises... Read more ...

NFL officials reportedly are speculating Colin Kaepernick will be paid as...

NFL officials reportedly are speculating Colin Kaepernick will be paid as much as $80 million in collusion case settlement

Colin Kaepernick and Eric Reid reached a settlement in their collusion case against the NFL. The settlement included a confidentiality agreement for all sides. According to one... Read more ...

Apple just reportedly bought a startup that specializes in helping companies...

Apple just reportedly bought a startup that specializes in helping companies build voice apps

Apple has acquired Pullstring, a startup that helps customers publish voice apps, according to Axios. The acquisition could be part of an effort by Apple to catch up to Amazon... Read more ...

Uber is suing to block New York's cap on new ride-hailing vehicles

Uber is suing to block New York's cap on new ride-hailing vehicles

Uber has sued New York City to block a cap on new ride-hailing vehicle licenses. The company says it supports a living wage for drivers, but that the cap will not have the... Read more ...

The utterly unbelievable scale of U.S. debt right now

The utterly unbelievable scale of U.S. debt right now

This week, the United States national debt ticked above US$22 trillion for the first time, an amount equivalent to $67,000 per U.S. citizen. The U.S. federal government owes... Read more ...

Trump praises several conservative media pundits during emergency...

Trump praises several conservative media pundits during emergency declaration speech in Rose Garden

Trump praised several conservative media pundits during his announcement to declare a national emergency and build additional physical barriers along the US-Mexico... Read more ...

Here are Warren Buffett's biggest investments (AAPL, JPM, KO, BK, BAC, WFC...

Here are Warren Buffett's biggest investments (AAPL, JPM, KO, BK, BAC, WFC, AXP, USB, MCO, DAL)

Warren Buffett's Berkshire Hathaway on Thursday disclosed its holdings of publicly traded companies at the end of the fourth quarter. Berkshire cut its stake in Apple during... Read more ...