Millard Drexler, the CEO of J. Crew, delivered a speech to attendees of the National Retail Federation in New York. He offers his thoughts on the current state of American fashion:
"I have a few issues about where our business is going. American fashion is not doing what we need to do. Our industry doesn't inspire customers today."
Drexler doesn’t believe that low-priced, trendy clothing can compete with high quality clothing. If a company is simply listening to the needs and wants of its customers then there should be no problem making sales. (Are you listening, Gap?)
What are your thoughts? Do you believe American fashion isn’t inspiring?
Source: CNNMoney
Photo Credit: CNN
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Tracked on: January 24, 2007 6:33 PM | Permalink to Trackback