J. Crew has been known for its conventionally preppy clothes and its basics. The company lately has been criticized for not offering solid classic attire and is wandering from its core customers.
After a massive guesswork, the company declared a new sensible remedy for its shoppers. The clothing line J. Crew announced the opening of a low cost shop, J. Crew Mercantile, the first in a row of the company's retail sites which will attempt to rally trades between the budget-conscious bargain hunters.
J.Crew Group Inc is said to be in early stage talks with Fast Retailing Co and E. Land Group for a possible sale, according to sources.