Millard “Mickey” Drexler mixes great instinct and good data to bring that special something to J.Crew.
Today, accessories brand Want Les Essentiels de la Vie is stocked at some of the world’s best stores. But a few years back, the business was on the verge of collapse. Co-founders Byron and Dexter Peart tell BoF how J.Crew’s Mickey Drexler helped them regain faith in their brand — and take it to the next level.
In Italy, a British Outpost (NY Times) “In other words, Burberry, Dsquared, Cavalli and Gucci are not names you will often read in the same sentence. Yet a pronounced Englishness ran through the collections from each of those houses, making Milan feel temporarily like an extension of the Tuscan region called Chiantishire.” Youth Is Beautiful (IHT) “The passing of the flame from a much older 70-something generation
Mickey Drexler: King of Casual Chic (WSJ) “With a sobriquet like “Merchant Prince,” you might expect J.Crew Chief Executive and Chairman Millard (Mickey) Drexler to have a biography that extends to at least four pages. Instead, it is precisely four short paragraphs.” East European fashion labels aim for the world stage (Reuters) “Around emerging Europe, where garment assembly for Western brands has
This Man Wants to Clothe the Planet (WSJ Magazine) “Yanai is refreshingly open about his goals these days: making Uniqlo the number-one apparel retailer in the world. His target—$50 billion in yearly revenue by 2020—will require whiplash gains above Uniqlo’s current revenue of $12 billion, driving the company ahead of front-runners Inditex.” Service with a smile, J. Crew CEO Drexler says customers should expect it
NEW YORK, United States — “You have to make quick decisions,” Jenna Lyons, the president and creative director of J.Crew, told BoF. “Ultimately, fashion is all about gut anyway — there’s no science to what this should look like or that should look like or how many times you can redraw that or resketch that or redo that catalogue cover. The fact of the matter is, either it grabs you or it doesn’t.” Indeed, it’s trust in instinct,
Lunch with the FT: Mickey Drexler (FT) “My lunch with Millard S. Drexler, the 67-year-old chief executive of J. Crew, the American clothing brand made world famous by its First Client Michelle Obama, turns out not to be a lunch. Or to be more specific: not just a lunch. It’s lunch, followed by a short walk, a couple of emails and two phone conversations… Typically I find that chief executives of $1.7bn companies such as
Africa’s influence in the fashion industry (FT) “A long way from the World Cup epicentres of Johannesburg and Durban, catwalkers in New York and Paris are already marching to an African beat… chiming with the prevailing mood makes economic as well as sartorial sense.” Will Last Century’s Styles Open Today’s Wallets? (NY Times) “Brands are combing their archives in the hope that old clothing styles with a
How Mulberry bagged success in the battle for affordable luxury (Guardian) “Many women spending nearly £1,000 on a handbag may salve their conscience by telling themselves it is an investment. But is it? ‘I am rather keen on the idea,’ chuckles Godfrey Davis, the chief executive of the fast-growing luxury brand Mulberry.” Mickey Drexler Has Yet Another Reason to Be Giving High Fives (Vanity Fair) “The
Mickey Drexler is probably the most famous merchandiser in the fashion world. Merchandisers are known for their magical ability to combine art and science, analytics and gut feel, experience and predictive skills. Over twenty years, Drexler built the Gap into a bonafide worldwide business from a struggling 400-store regional chain, using his product and merchandising skills and a 20-piece wardrobe that he kept on a list in his drawer while middling it out in other roles that didn't inspire him. I came across this conversation from earlier this year between Mr. Drexler and Charlie Rose, one of America's most respected and talented interviewers. Charlie Rose says he "wants to go to school" on Drexler's experience -- which exactly what he…