J. Crew's CEO Had to Step Down -- A Look at the State of the Company

The real question is how Mickey Drexler was able to hang onto the CEO role of J. Crew Group for so long amid prolonged struggles.

On Monday, J. Crew said Drexler -- a former design wizard at Gap (GPS) - Get Report who has led J. Crew for 14 years -- will be succeeded by Jim Brett in July. He most recently served as president of Williams-Sonoma's WSM West Elm furniture business.

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Of Course J. Crew's Long-Time CEO Was Going to Step Down

This article was written by a staff member of TheStreet.