Know who's interested in buying J. Crew? Sears and Urban Outfitters. According to Bloomberg News, the two wildly different retail chains are "weighing rival bids.. in a potential challenge to TPG Capital and Leonard Green & Partners LP’s $3 billion buyout." An analyst said if Sears bought it, it "would be great for Sears, but horrible for J. Crew... J. Crew is positioned as aspirational and Sears is not. It would have a negative impact on the J. Crew brand," adding it doesn't make sense for Urban Outfitters either because UO and J.Crew have overlapping customers.