Madewell is ready for some growth. "We've set some ambitious targets to take it well beyond where it's been. We are ready," said Millard "Mickey" Drexler, who started reinventing the old New England factory workwear label in 2007 into something young, hip and laid back.
Besides honing the look, Drexler, the chairman and chief executive officer of J. Crew Group Inc., Madewell's parent, has overhauled the Madewell team by addng Lisa Greenwald, head of merchandising; Michael Salmon, head of planning and allocation, and Susan Cernek, who is in charge of marketing. He also relaunched their denim in premium fabrics and new styles and fits. "I have always been pretty obsessed with denim," said Drexler, who almost always wears jeans. "When I was in college I used to wash my denim in the washing machine to bleach it out," Drexler said in an interview. "But forget my personal history. After being in business with Madewell for seven years we were thinking how we could be better at what we do, which is what we always do." Drexler's initial idea didn't pan out - he approached some well-known denim brands run by friends. "They didn't want to sell us because of other accounts and the usual politics. Frankly, I was getting a little angry they wouldn't sell us. But we do everything else that wholesalers or designers do so we thought 'Why can't we take on the denim business?' We didn't have the in-house expertise. We found out we didn't know enough about fabric, the technology of fabric, creating the best fits and the best washes. That became critical. So we decided to figure it out ourselves. We felt there wasn't anyone out there doing denim of the quality-value relationship we are now doing."