Meanwhile, the footwear, accessories, international and e-commerce businesses gain traction, while the wholesale and North American divisions continue to lag.
The outdoors brand is focusing more on omni-channel initiatives as future growth opportunities.
The firm’s second-quarter top and bottom line showed improvement over the first quarter.
The retailer logged a $231 million profit for the quarter, up from $20 million the same time last year.
The retailer said it is charting a course to exit bankruptcy before the holiday season.
Barring further drastic lockdown measures, the company expects a positive operating profit for 2020.
Crevoiserat, who has been serving as interim ceo since July, is the first woman to lead the fashion company that houses the Coach, Kate Spade and Stuart Weitzman brands.
Investors include H&M Co:Lab, the venture capital arm of the H&M Group.
The group plans to focus on organic growth and is doubling marketing investments next year.
The plan includes closing Gap and Banana Republic stores, doubling the Athleta business and growing Old Navy from a $8 billion to $10 billion brand.