It's the end of an era in retail. One of the most prominent — and legendary — chief executives in retail is stepping down.
Millard “Mickey” Drexler, the longtime chief executive of J. Crew Group, will step down in July. He will continue in his role as chairman. Drexler, often referred to as a “merchant prince,” is a retail legend. He is the former CEO of Gap Inc., which he joined in the early 1980s and built into a global retail powerhouse. He was abruptly fired in 2002 by company founder Donald Fisher amid a prolonged period of slumping sales. Prior to joining Gap, he served as president and CEO of Ann Taylor, where he oversaw a dramatic turnaround.. . . more