Wednesday, October 10, 2012

Industry Icon of the Week: Millard “Mickey” Drexler

Informed by Steve Jobs that he was going to be fired from Gap, after working 19 years for the company. During his time there, the company expanded it’s fleet from 450 stores to over 2, 000, and the annual revenue went from $400 million up to $14 billion. He was soon after picked up by J. Crew and is now the CEO of the company, which he turned from a lacklustre brand into a fashion-forward empire.  Even though Mickey is not a prime example of a fashion icon himself, his intuitive sense of what the public craves, and transforming companies to new heights, definitely makes him someone to know in the industry. 

Since he began at J. Crew in 2003, he has increased the company’s revenues by 170%.  He is a self-proclaimed micro-manager, doing everything he can in the company, including answering customer’s emails, and telephone calls himself.  J. Crew’s style has gained a large following, with many celebrities enjoying the brand, such as Michelle Obama and Oprah Winfrey.  Overall, Mickey Drexler truly is the “merchant prince.”

With all that said, go check out the new J. Crew store that just opened last Wednesday at the Eaton Centre.  It is the first store in Canada to feature its menswear line!

By: Adam K.