Get Your Wallets Ready: J.Crew And Madewell Are Expanding!
Between J.Crew, Madewell and Jenna Lyons (just, you know, as an entity), J.Crew Group Inc. is already one of the most influential retail companies in the U.S.—and it's about to get a whole lot bigger. In what translates as extremely good news for us loyal consumers, the company is making several moves to expand globally in both its J.Crew and Madewell divisions.
This week, J.Crew's first standalone store in the Asia-Pacific region will open on Thursday in Hong Kong; in addition, Madewell's new Madison Avenue unit celebrated its opening last night here in New York City. Madewell's opened five new U.S. stores since February, with five more expected in August.
The group's chairman and chief executive officer Mickey Drexler stressed that both growing brands are in it for the long term. "Most importantly, our clothes and our accessories represent a business that we don't see specifically similar to that in terms of design and style, quality service and value," Drexler told Women's Wear Daily. "I think as long as we do that, we win."