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J. Crew Files for Bankruptcy

J Crew Sweatshirts in different colors

The J.Crew Group, which operates J.Crew and Madewell, has become the first national US retailer to file for bankruptcy since coronavirus forced nationwide store closures.

The clothing retailer filed to start Chapter 11 proceedings earlier this week and said that it expects to stay in business and emerge from bankruptcy as profitable. Madewell will also remain part of the business.

Programs including loyalty programs, gift cards, returns and exchanges will continue as usual. Due to the ongoing public health crisis, J Crew has extended their return and exchange period to 60 days for all orders placed beginning March 1st, 2020.