{"id":167420,"date":"2020-09-21T20:13:00","date_gmt":"2020-09-21T20:13:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/"},"modified":"2021-08-06T12:07:17","modified_gmt":"2021-08-06T12:07:17","slug":"j-crew-to-close-all-of-its-uk-stores","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/","title":{"rendered":"J.Crew to close all of its UK stores"},"content":{"rendered":"<p><strong>J.Crew is to close all of its UK stores<\/strong> following the US retailer's successful exit from Chapter 11 bankruptcy protection.<\/p>\n<p><!--more--><\/p>\n<p>The preppy fashion retailer has <strong>six UK stores, including a flagship on London's Oxford Street,<\/strong> but has said that it will now serve the UK market from its e-commerce site only.<\/p>\n<p><strong> FRP Advisory has been appointed as liquidators for the UK business,<\/strong> which also has a head office in London, The Guardian reports.<\/p>\n<p>The company confirmed in a statement: \"After a thorough review, we have determined we are best able to serve our UK customers through our global e-commerce platform and are closing our six store locations in the country.\"<\/p>\n<p>The move comes after the US business exited Chapter 11 earlier this month having completed a financial restructuring and with a <strong>new majority shareholder Anchorage Capital Group,\u00a0<\/strong>which swapped $1.6bn in debt for equity.<\/p>\n<p>After the business exited bankruptcy, CEO Jan Singer, who joined the business in January having previously been at Victoria's Secret, said: \u201cLooking forward, <strong>our strategy is focused on three core pillars:<\/strong> delivering a focused selection of iconic, timeless products; elevating the brand experience to deepen our relationship with customers; and prioritizing frictionless shopping.\u201d<\/p>\n<p>Singer's former employer <strong>Victoria's Secret, the US lingerie chain, last week agreed a JV deal with high street giant Next<\/strong> to run its UK arm, which includes 25 stores and an e-commerce business. The UK arm had previously been placed into administration.<\/p>\n<p>J.Crew's exit from the UK <strong>comes after a string of US brands all tried, and failed, to crack the UK retail market.<\/strong> Gap's premium brand Banana Republic exited the UK in 2016, eight years after it arrived and never having really committed to the market in any meaningful way.<\/p>\n<p>Like J.Crew, which arrived in the UK in 2013, <a href=\"https:\/\/www.theindustry.fashion\/banana-republic-fail-win-uk\/\">Banana Republic struggled to justify its premium price point<\/a> for products consumers felt they could get elsewhere at a much more competitive price.<\/p>\n<p>Denim-led brand <a href=\"https:\/\/www.theindustry.fashion\/american-eagle-exits-uk-market\/\">American Eagle Outfitters called it a day in the UK in 2017<\/a> having opened just three stores in the market, while fast fashion retailer Forever 21 also put its UK arm into administration last year.<\/p>\n<p><a href=\"https:\/\/www.theindustry.fashion\/subscribe-now\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-144088 size-full\" src=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/Daily-Newsletter-Banner.png\" alt=\"Newsletter banner\" width=\"1680\" height=\"268\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":140254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6,10494],"tags":[20630,11118,12674,5902,15861],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>J.Crew to close all of its UK stores - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"J.Crew is to close all of its UK stores following the US retailer&#039;s successful exit from Chapter 11 bankruptcy protection. The preppy fashion retailer has\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"J.Crew to close all of its UK stores - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"J.Crew is to close all of its UK stores following the US retailer&#039;s successful exit from Chapter 11 bankruptcy protection. The preppy fashion retailer has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-21T20:13:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-06T12:07:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/J.Crew_-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lauretta Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lauretta Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/\"},\"author\":{\"name\":\"Lauretta Roberts\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\"},\"headline\":\"J.Crew to close all of its UK stores\",\"datePublished\":\"2020-09-21T20:13:00+00:00\",\"dateModified\":\"2021-08-06T12:07:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/\"},\"wordCount\":362,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"American Eagle Outfitters\",\"Banana Republic\",\"FRP Advisory\",\"J.Crew\",\"Jan Singer\"],\"articleSection\":{\"1\":\"News &amp; Insight\",\"2\":\"Retail &amp; Etail\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/\",\"url\":\"https:\/\/www.theindustry.fashion\/j-crew-to-close-all-of-its-uk-stores\/\",\"name\":\"J.Crew to close all of its UK stores - TheIndustry.fashion\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#website\"},\"datePublished\":\"2020-09-21T20:13:00+00:00\",\"dateModified\":\"2021-08-06T12:07:17+00:00\",\"description\":\"J.Crew is to close all of its UK stores following the US retailer's successful exit from Chapter 11 bankruptcy protection. 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