FILE PHOTO: A J.Crew store logo is pictured on a building along the Lincoln Road Mall in Miami Beach, Florida March 17, 2016. REUTERS/Carlo AllegriThe new CEO is expected to stem falling sales and a dwindling cash flow at the fashion retailer, which has been grappling with competition from online firms such as Amazon.com Inc that have been eating into traditional retailers' market share.
She will be paid a base salary of US$1.25 million annually, with a sign-on bonus of US$2.5 million, J. Crew said in a regulatory filing https://www.sec.gov/Archives/edgar/data/1051251/000156459020002278/jcg-8k_20200127.htm. Michael J. Nicholson, who served as J.Crew's interim CEO, will return to his former role as president of the fashion retailer.
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