FIRST AIRED: April 3, 2017

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Transcript

00:00:01
>> The fashion world tipped a little bit off its axis Monday. J.Crew President and Creative Director, Jenna Lyons, she of the celebrity persona and horned rimmed glasses, exiting the preppy retail brand. Her departure marking the end of a 26 year run with the company. Lyons once describing her first job as, quote, an assistant to someone's assistant.
00:00:24
Some say she goosed her rise with a bit too much self promotion, often mingling with celebrities and landing a guest spot on HBO's Girls. But others noting that's not so unusual for the fashion elite. Her exit comes after years of slumping sales at J.Crew, blamed in part on overpriced, uninspired designs.
00:00:45
The once hip clothing chain struggling against cheaper rivals, H&M and Zara, and settled with more than a billion dollars in debt. Its CEO Mickey Drexler, famous for making Gap a cultural icon, naming J.Crew's current head of women's designs as Chief Design Officer. No word yet on where Lyons and her famous glasses may land next.