Also from Joan Treistman...
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August 31, 2010
FROM RETAILWIRE:
J. Crew Group plans to put its factory outlet sales online in September in a bid to make its deals more accessible for cash-strapped consumers. How do you weigh the cannibalization risks for Crew versus the opportunity to reach more value-conscious consumers?
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I'm in favor of J.Crew's online outlet initiative. And I can see that everyone else is too. Rather than repeat what has been said, I'll just add that J.Crew recognizes their competitive landscape as the universe. It's not just store vs. store or website vs. website. And it isn't about like priced items either. Have you noticed the many examples of combining a J.Crew top with an haute couture skirt? Within that context J.Crew's strategy is spot on.