The Citiblog
J. Crew files for bankruptcy amid pandemic
May 4, 2020, 5:37.17 pm ET
Preppy retailer J. Crew, with three locations in New York City, files for bankruptcy amid the coronavirus pandemic. In a statement, J. Crew CEO Jan Singer writing, "Throughout this process, we will continue to provide our customers with the exceptional merchandise and service they expect from us, and we will continue all day-to-day operations, albeit under these extraordinary COVID-19-related circumstances. As we look to reopen our stores as quickly and safely as possible, this comprehensive financial restructuring should enable our business and brands to thrive for years to come." J. Crew gets about 50% of its total revenues from e-commerce which will continue to operate normally.
Photos: Cititour.com
OUR LATEST BLOG POSTS
Jean-Georges Vongerichten to Open Private Club in Former Spice Market Space
April 25, 2024, 12:26 am ET
It’s called Chez Margaux, Jean-Georges Vongerichten’s first Private Membership Club. An invite to join describes Chez Margaux as the first of its kind. Offerings include an illustrious b... READ MORE
Review: Steve Carell is Relatively Good as Uncle Vanya
April 24, 2024, 9:00 pm ET
By Brian Scott Lipton Modernized settings. Contemporary language. Unusual casting of roles. New Yorkers have become extremely used to directors “tampering” with theatrical classics, but... READ MORE
Around Town - Derby Parties, Cinco de Mayo Celebrations, Suckling Pig Feast at El Quijote and more
April 24, 2024, 7:40 pm ET
Balcón Rooftop, located atop The Marmara Park Avenue hotel, reopens for the season on May 4th. The chic, open air terrace sits 20 stories high above Manhattan, boasting breathtaking panoramic... READ MORE
Sign up for our newsletter !