The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
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.
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The fast fashion retailer reportedly raised funding this week at a lower valuation. But the e-commerce giant remains immensely popular — and may have some more tricks up its sleeves.