J. Crew is Preparing for Bankruptcy
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J. Crew is Preparing for Bankruptcy

Posted on Monday, May 4th, 2020 at 4:54 pm
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Clothing company J. Crew is preparing for a bankruptcy filing. This was reported by CNBC and several other news sites. In the past few years, J. Crew has struggled to retain loyal customers. Recently, it has faced challenges due to the coronovirus pandemic that caused many people to be under “stay at home” orders.

As always, when a clothing store appears to be facing bankruptcy, there will be ways for people to save money while shopping the store. For best results, visit the J.Crew website. Right now, customers who sign up for J. Crew Rewards get an extra 15% off their purchase.

There is also a 60% off sale on swim and shorts. You can purchase one-piece women’s swimsuits, or individual parts of two-piece women’s swimsuits. This enables customers to mix and match different shapes of swimwear in order to end up with something they are comfortable wearing.

There is also a 40% off sale on Summer-Ready styles. This offer is only valid on the J. Crew website. Use the code SETSALE when you make your purchase. The Summer-Ready styles include a variety of dresses, t-shirts & tank tops, other shirts and tops, pants (some of which have draw-strings) jeans, sweaters, and skirts. There is also a selection of summer suits for those who want them.

You should assume that the items you purchase from a store that is filing for bankruptcy will not be accepted as returns. In general, stores that file for bankruptcy tend to have bigger and bigger sales as they try to liquidate stock.

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Good Tip: Saving money is important – especially if you have a lot of expenses like bills to pay, loans to pay off, and all the other things that drain your bank account. Figuring out a way to save money can feel tedious to some, and like a punishment to others. U.S. News suggests that you try one of these money saving challenges. The “No Eating Out for a Month” Challenge This one is self-explanatory. The goal is to avoid eating out for an entire month. This might be super easy for people who enjoy making meals at home. People who really enjoy dining out, or ordering food to be sent to their home, may struggle with this one. It’s worth a try because spending money on take-out is more expensive than buying groceries. The Pantry Challenge This one is a variation of the “No Eating Out for a Month” challenge. The goal is to use up all of your groceries before you buy more. It forces you to try and remember why you bought a food or beverage that you don’t know what to do with, and gives you the opportunity to find a way to use it. The one exemption to this challenge is the foods that have expired. Don’t eat them! Throw them in the trash. The “No Spend” Challenge Make a goal to avoid spending money during an entire weekend. The only exemption in this challenge is that you are allowed to pay bills. This challenge is interesting because it requires creativity. You must be creative and find workarounds for problems that you would typically solve by spending money. You may have a different outlook on spending after finishing this challenge.