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J.Crew CEO stepping down

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J.Crew Group Inc.'s longtime leader is stepping down amid a prolonged sales slump.

Mickey Drexler, 72, will be replaced by James Brett, president of West Elm, the home decor brand owned by Williams-Sonoma.

Drexler has been CEO of the preppy clothes retailer since 2003. He'll stay on as board chairman.

Read more from The Wall Street Journal.


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