20:55 | May 23rd
This month, J.Crew went bankrupt. But not before inventing a whole new way of thinking about promises to lenders....Show More
bigfoot_skeptic recommended:May 23rd
The story of J.Crew's bankruptcy is one of sleazy business practices.
mm recommended:May 24th
I'm a Jenna Lyons fan even though I'm not a J. Crewer. Very interesting to hear J. Crew becoming J. Screwed thanks to private equity, lots of debt, glue, and some funky paper fiddling. Even Jenna Lyons' coolness couldn't save the co from its shadiness.
@mm Thanks for the rec. My husband worked there for 20 years and I just shared it with him.
kimwaudio recommended:May 24th
Always check the fine print! You might find a loophole in your favor. But, don’t alienate your customers in the process.
aninatd recommended:May 24th
Great episode! Your customers are smart, you can’t just go with a lower quality product at the same price and assume they won’t notice. One of the things that has brought J. Crew to bankruptcy. I’m interested to see if they’ll turn it around.
phocks recommended:Jun 9th
Resisted this episode because I'm not too interested in finance etc but this was pretty interesting how brands manipulate things to try to screw people. But people are pretty cluey.
namu recommended:Jun 9th
A fascinating combination of investigative journalism and storytelling on podcast format. Planet Money molded events in understandable and logical sequence that I didn’t get distracted while listening, which is pretty rare. To be honest, I admire how much legal hoops they went through to buy some ...Show More