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J.Crew appoints Jan Singer as CEO

Jan 29, 2020 United States
J.Crew appoints Jan Singer as CEO
The Board of Directors of the American multi-brand, multi-channel, specialty retailer appointed Jan Singer to serve as Chief Executive Officer, effective from the 2nd of February
Singer, a veteran consumer and retail executive with more than 25 years of experience, who most recently served as CEO of Victoria's Secret Lingerie, will join the Company's Board of Directors and take responsibility for all aspects of the J.Crew and J.Crew Factory brands and businesses. Michael J. Nicholson, who led the Company as Interim Chief Executive Officer, will return to his previous role as President and Chief Operating Officer of J.Crew Group, Inc. Libby Wadle will continue as President and CEO of Madewell, reporting separately to the Board of Directors of the Company.
 
At Victoria's Secret, Ms. Singer led the company's 4 billion US dollars business across 1 000 stores and digital platforms, strengthening operating performance by innovating across core categories and relaunching new high-growth businesses. Ms. Singer joined Victoria's Secret from her previous role as Chief Executive Officer of Spanx, Inc. Prior to Spanx, she spent 10 years at Nike, Inc., where she led both the global footwear and apparel teams. During her tenure at Nike footwear, she oversaw the successful launch of iconic products including Nike Flyknit, Nike Free and the reset of Nike Air. Ms. Singer was also responsible for apparel innovations including Nike Seamless, Nike AeroLoft and Nike Tech Fleece.

"I'm excited and honoured to join this iconic brand and team at such an important time. For me, J.Crew has led specialty retail by knowing what it takes to be a brand—putting the consumer first and at the centre. My passion for developing product, brand experiences and teams feels very at home at J.Crew. It's a beloved brand that has always been in my heart and, like millions of consumers, in my closet", commented Singer.

President and Chief Operating Officer Michael J. Nicholson added: "Jan's appointment as CEO is an important milestone for our company. I am proud of the way the teams came together in 2019 with a renewed focus on restoring profitability at the J.Crew brand, and our results reflected encouraging momentum led by strong gross margin performance and the accelerated benefits of our multi-year cost optimization program. With these key building blocks in place, it is an opportune time for J.Crew to bring on a leader with a proven track record in positioning brands for success."

About J.Crew

J.Crew Group, Inc. is an omnichannel retailer of women's, men's and children's apparel, shoes and accessories. As of the 28th of January 2020, the company operates 184 J.Crew retail stores, 138 Madewell stores, jcrew.com, jcrewfactory.com, madewell.com, and 171 factory stores.

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