- J.Crew
- stepping down from the company
- Vanessa Holden, also recently announced her departure.
- These two executives were leading the charge in J.Crew's turnaround effort by lowering prices, adding plus-sizes, selling clothing on
- GlobalData Retail's Neil Saunders writes that there are now concerns that J.Crew's team of executives, who are acting as interim CEO, will reverse these changes and undo all the progress it has made.
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2 executives leading J.Crew's turnaround have left the business, and analysts say it leaves the store in a worrying position
J.Crew has made some changes in recent months, and now that its CEO and CMO are out, there are worries that those changes will be reversed.
Over the weekend, J.Crew announced that its CEO Jim Brett would be stepping down from the company after just 17 months in the role. Brett is joined by Vanessa Holden, the company's chief marketing officer who ran the company's newest ad campaign. She leaves after 16 months in the job.
Amazon. Holden was responsible for rolling out a new diversity-driven campaign this September.
In a statement to the press on Saturday, Brett hinted at a potential clash with the board as the reason behind his departure.
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from the realities of the retail marketplace" and "seemed to cling to the notion that J.Crew was a top-notch brand that deserved to charge top-notch prices — even when customers thought otherwise," he added.
"If the departure of Jim Brett hails the return of these unrealistic attitudes, J.Crew is going to slip back and undo all of the progress made to date."
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