Mickey Drexler Page 1
Earlier this week, the New York Times published an op-ed by Delia Ephron (yes, that Ephron) airing her frustrations with J.Crew’s (among others) holiday shopping and shipping service. Ephron called her experience with the retailer as “mundane and problematic as all our Web purchases, which in my family include paper towels and toilet paper.” On Thursday, J.Crew’s Mickey Drexler responded.
There is no shortage of Mickey Drexler interviews. Not that we’re complaining! We love us some J.Crew.
J.Crew head honcho Mickey Drexler is a retail legend who isn’t known to mince words. So it’s no surprise he didn’t think twice about criticizing the very thing that makes him a whole lot of money: the not-so-great American shopping mall.
Walking into the pink and orange prepster heaven that is the Tory Burch headquarters in Manhattan Thursday night, you might have thought you’d stumbled into a fashion industry insiders’ cabal. In one corner of the room was the meticulously appointed J. Crew CEO Mickey Drexler. In another, makeup guru Bobbi Brown, charming guests with plain-spoken industry wisdom.
A group of J.Crew shareholders is unsatisfied with the the amount of money the clothing company is selling for — and how the $3 billion dollar sticker price was achieved — so they’re pursuing legal action.
J.Crew had an astronomically good 2009, and it’s paying off for their senior execs.
Fashion has a ridiculously short memory. Take J. Crew, for example. Now, we’re pretty sure it wasn’t too long ago that the mass market retailer was more or less indistinguishable from The Gap, what with its prep-friendly range of high-rise khakis, $40 cable knit sweaters, and the occasional peacoat. But thanks to the entree of C.E.O-cum-magician Mickey Drexler and creative director Jenna Lyons, there is a definite chic in the chain. And now comes the news that the all-American chain has opened itself up to the U.K. market via Net-A-Porter.