J. Crew Group Inc. is heading into 2017 on a mission that gets more critical with each passing day: turn around a two-year sales slump or slam head-on into a wall of debt.
Some of the company’s $2 billion in debt becomes
current in 2018, and J. Crew needs to revive its flagging business to
stave off rising odds of default. To do that, the retailer is focusing
on its preppy heritage, expanding its discount business and fueling the
growth of its small but successful Madewell brand geared toward
millennials. For some analysts, it may already be too late.. . . more