J.Crew is closing half of its Twin Cities locations

The company is in a financial slump.

It's a tough time to be in the clothing business.

J.Crew warned us last November that it would close 39 stores – about 6 percent of its total lineup – by the end of January. Now we know which ones are shuttering in Minnesota: the stores in Mall of America and Southdale.

That's according to Mpls.St. Paul Magazine, which broke the news on Friday afternoon in a piece titled, "What is Edina Without J.Crew?"

Both stores will close for good on January 27. That leaves J.Crew with just two remaining metro stores, in Rosedale and on Grand Avenue in St. Paul. Although the brand has outlets in St. Louis Park and Eagan.

As the magazine points out, it's surprising to close the Southdale location, which many locals consider "the best J.Crew in town."

If the Edina store was doing well, it was an exception. J.Crew lost $161 million in the first nine months of 2017, CNN Money says, and reported a sales decline of 12 percent for its most recent quarter.

Also in 2017, the company closed its bridal business, saw the exits of chief executive Mickey Drexler and creative director Jenna Lyons, and laid off 150 employees, the Star Tribune says.

Mike Nicholson, the chief operating officer, told CNN the company wants to change from a "traditional brick-and-mortar specialty retailer" to a "digital-first" business. The store closings are part of that plan, he said.

It's a good time to score some deals on basics: right now all J.Crews stores are discounting all regular merchandise 25 percent and all sale merchandise an additional 50 percent. 

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