"Retailers would rather cannibalize themselves than have someone else do it," said Liz Dunn, an analyst with Macquarie Securities.
Hot on the heels of Kate Spade launch of it's budget-friendly line, Saturday, J.Crew is following suit. Behold J.Crew Mercantile (or here for the story). What does this mean? That J.Crew has turned a cold shoulder to it's core customer needs of basics and it's trying desperately to fix it? That the waters are warm around the Factory Outlet Store price-conscious shopper? That there will be no more 30% off sales every other week? W2WW is on it. Stay tuned… ~ LB