The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

J.Crew Lays Off 3% of Workforce

Cathaleen Chen

29 March 2023

The American retailer confirmed Tuesday that it has eliminated less than 3 percent of its corporate headcount as part of reorganisation efforts.

“We have conducted a comprehensive review of our organization and made decisions to support efficiency and long-term growth,” a J.Crew Group spokesperson said in an email statement. “Part of this initiative has been making organizational changes and streamlining functions which has impacted a limited number of roles.”

J.Crew joins a number of brands and retailers to have cut jobs this year, including Neiman Marcus, Ssense, The RealReal and Everlane.

Learn more:

Tech Firms Keep Laying Off Workers. Is Fashion Next?

While job losses aren’t happening at the same pace as in Silicon Valley, retailers facing slowing demand and rising operating costs are starting to make cuts.

About the author

Cathaleen Chen

Cathaleen Chen is Retail Correspondent at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.

In This Article

Topics

Retail

US Sues to Block $8.5 Billion Union of Coach, Michael Kors

Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.

Op-Ed | How Long Can Adidas Surf the ‘Terrace’ Trend?

As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.

How Rent the Runway Came Back From the Brink

The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.

For Struggling Public Companies, Going Private Is No Panacea

Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.