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Article: Remade J. Crew scores stylishly; Bolder fashions, more sass wow new shoppers.(Sitting Pretty)
- Article from:
- Crain's New York Business
- Article date:
- May 21, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Elisabeth Butler
on a recent weekday evening, young blondes with armloads of bright sundresses queued up with gray-haired baby boomers clutching summery linen pullovers at the J. Crew store in the Flatiron district. Four cashiers struggled to keep up with business.
That scene is typical. Four years after industry veteran Millard "Mickey'' Drexler was brought in as chief executive and given a mandate to remake the money-losing retailer, J. Crew has hit its stride. Its 176 stores are humming, and investors are taking note--nearly doubling the company's stock price since the initial public offering of $20 per share in August.
This year, J. ...