Whether it’s the kiosks cluttering the common space or the smell of popcorn, there’s a lot about malls that J. Crew Group Inc. chairman and chief executive officer Millard “Mickey” Drexler apparently doesn’t like.
“We pay a lot of rent,” Drexler asserted from his seat in the audience of Monday’s Financo Forum at the Harmonie Club in Manhattan. And in a nation overstocked with malls, “I don’t see any excitement or improvement in 98 percent of them. Right now, there is a diminishing return. I just wonder where it all takes us.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)