J. Crew likely to file for bankruptcy in virus’ first big retail casualty
Vanessa Friedman, Sapna Maheshwari and Michael J. de la Merced, The New York Times
Posted at May 04 02:24 PM
J. Crew, the mass-market clothing company whose preppy-with-a-twist products were worn by Michelle Obama and appeared at New York Fashion Week, is expected to file for bankruptcy protection as soon as Monday. It would be the first major retailer to fall during the coronavirus pandemic, though other big industry names including Neiman Marcus and J.C. Penney are likewise struggling with the devastating toll of mass shutdowns.
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