Job cuts have plagued another retailer as J. Crew Group has reportedly laid off dozens of employees from its New York corporate headquarters.
The news was confirmed to Women’s Wear Daily by the company, which said it had “reduced a limited number of filled and open positions” at its headquarters, which it said only affected the J. Crew brand.
According to reports, the J. Crew brand is struggling as it only opened one store in the last quarter and has plans in place to close another 20 J. Crew and factory stores.
In the last year, the company has undergone a shake up of its executive team and has seen CEO James Brett depart in November after just over a year in the position. Interim