In a surprising move, Ken C. Hicks has resigned as president and chief merchandising officer of J.C. Penney Co. Inc. to become president and chief executive officer of Foot Locker Inc., succeeding Matthew Serra.
Hicks has been a key figure in the reinvention of J.C. Penney and advancing the chain’s huge private label business. His decision to leave Penney’s is a blow to the business. Hicks was a strong candidate to succeed chairman and ceo Myron “Mike” Ullman and his departure leaves Penney’s with the difficult task of finding a replacement, considering the lack of talent in the industry. It also comes at a time when the business is struggling, along with most of retailing.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"