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Fighting fashion brand JThe crew, who struggled with bankruptcy for most of 2020 after the COVID-19 pandemic hampered their operations, replaced their CEO this week after less than a year on the job

To replace Jan Singer, New York-based apparel company has won Libby Wadle, a 16-year veteran of the company, hired to oversee JCrew and the J.Crew Factory in addition to her current leadership responsibilities at Madewell

“To be successful in today’s retail environment, brands need to have a strong sense of purpose, a deep connection with their customers, and an organizational structure that rewards creativity, agility and innovation,” said Wadle

Singer, the former executive director of Victoria’s Secret’s lingerie division who was credited with making this brand more inclusive with its bra styles and sizes, was brought in to oversee J.Crew brands in January

A woman walks past a boarded up J crew front along 14th Street in northwest Washington on Jan. April 2020 (AP Photo / Andrew Harnik, file)

Once an “it” brand used by former First Lady Michelle Obama, JThe crew’s fashion choices later landed with a clang in the highly competitive retail sector

In May, the company became one of the first major retailers to file for bankruptcy protection after COVID-19 restrictions forced a number of stores to close, despite Singer helping the company with a lower debt burden in September

Although she says the company did so “as a revitalized business” with $ 400 million in capital and an additional $ 400 million through an asset-backed loan, the troubles for the ailing retail sector still remain not over

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World News – US – J The crew replaces the CEO after less than a year in the role

Source: https://www.foxbusiness.com/lifestyle/j-crew-ceo-leaves-bankruptcy-coronavirus