J.C. Penney Co. Inc. logged a $163 million first-quarter loss, but chief executive officer Ron Johnson signaled that the retailer’s transformation is “way ahead of schedule” and setting the store on a more fashionable path.
Even so, the quarter was worse than either Johnson or investors expected and shares of Penney’s fell 12 percent to $29.27 in after-hours trading.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)