Shares of the troubled J.C. Penney Co. Inc. jumped as much as 10.9 percent today as analysts weighed in on the introduction of Joe Fresh and how the retailer would fare as a real estate company that rented space to other brands.
The stock closed up 6.2 percent to $16.44 even as Wall Street wavered and debt troubles in Cyprus threatened both depositors in the tiny nation’s banks and euro zone stability. The Dow Jones Industrial Average was down 0.2, or 22.78 points, to 14,491.33 and the S&P 500 Retailing Industry Group also fell 0.2 percent, or 1.44 points, to 718.44.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)