The Dallas-based NMG is exploring other investments in different categories.
Senior-level executives from Target, Macy’s and Walmart have joined Penney’s.
Via Kidbox, the mass retailer adds 120 national and premium kids brands to its online offering.
Madewell has been growing steadily while the J. Crew brand has floundered for years.
The J. Crew division has been struggling for several seasons while Madewell has been on a successful growth track.
Improving the capital structure is critical to the luxury retailer’s future.
The chief operating officer says subscriptions account for more than half of the business.
The contemporary brand continues to show progress in its turnaround efforts.