J. Crew CEO Mickey Drexler, 72, is stepping down after 14 years leading the clothing retailer. He told WWD that the decision was his own, and that he was "relaxed-ish" about the move. Drexler will stay on as chairman.He will be replaced as CEO in July by James Brett, who currently leads West Elm, the retail furniture chain.

Per Fortune: "J. Crew has generated major headlines of late but for all the wrong reasons: it announced job cuts in April, a dicey debt restructuring in May, saw the high-profile exit of creative director Jenna Lyons, and shuffled other key executive posts this spring."

Go deeper

Obama: The rest of us have to live with the consequences of what Trump's done

Photo: Joe Raedle/Getty Images

Campaigning for Joe Biden at a car rally in Miami on Saturday, Barack Obama railed against President Trump's response to the coronavirus pandemic, saying "the rest of us have to live with the consequences of what he's done."

Driving the news: With less than two weeks before the election, the Biden campaign is drawing on the former president's popularity with Democrats to drive turnout and motivate voters.

Murkowski says she'll vote to confirm Amy Coney Barrett to Supreme Court

Sen. Lisa Murkowski. Photo: Alex Edelman/AFP via Getty Images

Sen. Lisa Murkowski (R-Alaska) said Saturday that she'll vote to confirm Judge Amy Coney Barrett to the Supreme Court on Monday, despite her opposition to the process that's recently transpired.

The big picture: Murkowski's decision leaves Sen. Susan Collins (R-Maine) as the only Republican expected to vote against Barrett.