J.Crew losing another exec

J.Crew’s chief marketing officer Vanessa Holden is leaving the business, according to Business of Fashion.

Holden, who has been in the role for just one year, was a part of the recent relaunch of the brand.

The news comes on the heels of the J.Crew’s announcement on Saturday that CEO Jim Brett was stepping down, effective immediately.

Brett said in a statement that despite having seen positive results from the brand’s relaunch, he and the board had been unable to agree on how to continue its evolution.

GlobalRetail Data managing director Neil Saunders believes Brett’s exit has left the brand leaderless at a pivotal moment.

“The suddenness of the exit suggests there is a tussle over how to develop the brand among the various senior stakeholders,” Saunders said, noting that the brand’s management had been an issue since before Brett arived.

“If the departure of Jim Brett hails the return of these unrealistic attitudes, J.Crew is going to slip back and undo all of the progress made to date. Given the precariousness of its financial position, this is a mistake it cannot afford to make.”

A spokeswoman told Ad Age the two exits are unrelated, and that Holden had resigned in advance of Brett.

Comments

Comment Manually

Twitter

The conversion of Target stores to Kmarts has begun. At the end of July, Kmart unveiled a new format - K Hub - on t… https://t.co/kzvBhsGdhX

13 hours ago

The ACCC will allow members of the ARA and NRA to collectively negotiate rents until September 2021. Retail leaders… https://t.co/ztCqWR6SN0

15 hours ago

National retailers have been forced to close their Melbourne stores during the city's "hard lockdown". Some have pl… https://t.co/sCeYdaWWL1

17 hours ago