During a discussion yesterday at The New School in New York City, J.Crew CEO Mickey Drexler revealed that pricing was a huge concern for the brand and that the company was taking measures to bring costs down. "For spring, you'll see our prices [are] much more friendly this year. We can't compete with designers." While J.Crew Collection — its more expensive and more fashion-forward range of clothing — will stay the same, the retailer's regular offerings will get a bit of a price slash.
However, expecting J.Crew prices to drop to Topshop and Zara levels is probably a pipe dream. But, hopefully, we'll be experiencing sticker shock of the opposite variety in a couple of months. See you later, $375 sweatshirts? (WWD)