I was able to hear Mickey Drexler, former CEO of Gap/current CEO of J. Crew, speak yesterday. He was excellent, very entertaining with a huge personality. The first thing I noticed about his appearance was that he wears his watch over the cuff of his button-down shirt. Strange, but practical. Otherwise, he was dressed business casual and clean cut.

Two things of interest from his talk for us here at Look Book.
1) The Liquor Store in Tribeca. (see image above) I frequented The Liquor Store when it was actually a bar and a great bar it was. It closed down a couple years ago and I then heard it was going to be a J. Crew. I was not thrilled with the notion of my cool bar becoming a J. Crew but after hearing more about the store, I feel a bit differently. It is J. Crew's first ever men's only store. They have regular J. Crew wear but also feature special, high-end items like the extremely popular Tribeca Suit. A $2000 suit retailing at $600 and made from the same Loro Piana quality fabric we love so much for the J. Crew cashmere. They also feature Thomas Mason shirts at $125 each. And Red Wing boots (now available at several J. Crew's actually).
2) Madewell.

I've been hearing the name Madewell a lot over the last couple months and just saw it mentioned again in my October Elle in regards to t-shirts. J. Crew has bought the name Madewell (a former workwear brand), launched a casual line and has opened 10 stores over the last 2 years. The most popular Madewell article is the Rail Straight Jean, pictured here. I will be checking out this jean in the Soho store soon.

Other notes from his talk:
*40% of online items are not sold in stores, which explains why I am so often frustrated about not being able to find in stores what I saw online.
*He strongly believes that scarcity is the key to fashion and is therefore EXTREMELY hesitant to expand or grow in real estate. While he was at Gap, Gap kept expanding and it became too available. Starbucks anyone?
*And lastly, as a big company, J Crew cannot afford to take big fashion risks, consistency over time is the key to success in a brand like J Crew. That's why we like J Crew for the staples and Intermix for the trend setting items.
www.jcrew.comwww.madewell1937.comimages from acontinuouslean.com and madewell1937.com