1. J. Crew Files for Bankruptcy, the First National Retail Casualty of the Coronavirus Pandemic

    J. Crew Files for Bankruptcy, the First National Retail Casualty of the Coronavirus Pandemic

    Major national retailers are floundering as the coronavirus pandemic accelerates the industry's long decline, with Monday's bankruptcy filing from J. Crew delivering a reminder that the face of retail could be permanently altered...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. There is no question that all types of retailers are going to have to close hundreds of stores that don't have any kind of future on the other side of this pandemic.
    2. When you have a whole raft of bankruptcies like we're about to see, it will leave an awful lot of gaps that for many malls will be impossible to fill.
    3. Malls are being pummeled by a confluence of factors.
    4. This agreement with our lenders represents a critical milestone in the ongoing process to transform our business with the goal of driving long-term, sustainable growth for J. Crew and further enhancing Madewell's growth momentum.
    5. J. Crew has been on the bubble for years.
    6. J. Crew displays the understated cool of a winner.
    7. J. Crew's products have really suffered.
  3. Topics Mentioned