“You don’t need huge assortments to shop anymore. Never did you need a huge assortment,” the retail legend said on “Mad Money.” “Focus on the best.”
Drexler, who left J. Crew in January, is now chairman of upstart clothing retailer Alex Mill, which was founded by his son, Alex Drexler. The company’s creative director, Somsack Sikhounmuong, worked for 16 years at J. Crew and Madewell.
Alex Mill was founded in 2012 but relaunched earlier this year, with an emphasis on classic wardrobe staples. It sells mostly online. It currently has one physical store, in New York City.
“You can’t leave the store or the website not looking good in a sense,” Mickey Drexler said. “It’s always been something I’ve felt strongly about. Style, taste, value and quality. I’ve repeated those words for the 40 years I’ve been running companies.”