We are sad to tell you that J Crew is not lowering its prices, as previously reported. The confusion came from a talk that its chairman and CEO, Mickey Drexler, gave earlier last week in New York.
“We are simply maintaining a balance of pricing across the board and better communicating to our customers what we have and why it is worth the price it is,” a J Crew spokesperson told us this afternoon. “Emphasis for us is always on the quality and design at best possible price.”
Drexler was quoted by WWD as saying that the brand’s prices will be “much friendlier” this year. J Crew opened its first London store in November last year to much fanfare.
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