J.C. Penney Co. Inc., slowed by markdowns and middle market consumers fretting the economy, reported second-quarter profits were flat at $14 million while same-store sales were ahead 1.5 percent.
On a per share basis, income rose 16.7 percent to 7 cents from 6 cents in the quarter ended July 30. Total sales were down 0.8 percent to $3.9 billion from $3.93 billion, reflecting the company’s exit from the catalogue business.
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)