J.Crew to Sit Out Athletic Trend
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J.Crew CEO Mickey Drexler thought about jumping into the athletic trend in apparel but decided to sit it out, citing a lack of expertise in the category. Drexler said the company considered making sports and yoga clothing, similar to gear made popular by Under Armour and lululemon athletica. The clothing, which is increasingly being worn by Americans more on the street than in the gym, is propelling sales for some retailers with others rushing to add workout clothing to their stores.