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In a uniquely bad year for retail, J.Crew's had some excellent luck. While peers like the Gap and Banana Republic made weird, sad attempts at rebranding, and fancier labels suffered from luxury backlash, J.Crew managed to keep a consistent preppy vision and wrangle an endorsement from the first family. Still, the company's stock dipped last quarter, and CEO Mickey Drexler tells WWD that he's proceeding with caution.
One plan: More Collection stores, since the one that opened on Madison in October is "incredibly successful." Another thought: Opening a bridal salon in Manhattan. "We're looking uptown and downtown. If the right location came up, we'd do it." Please? Manhattan could use some tasteful $300 wedding dresses right about now.
· The Obamas Continue to Spread a Message of Hope and J.Crew [Racked]
· Despite Fourth-Quarter Loss, J. Crew Sees Room to Grow [WWD]
· Now Open: J. Crew UES Singles Out Women [Racked]