J.C. Penney Co. Inc.’s reinvention is pinching the vendor community.
Both The Jones Group Inc. and Iconix Brand Group Inc. on Wednesday posted first-quarter results that reflected lower sales due in part to Penney’s makeover. The shortfall led to a dive in both companies’ share price, even as Penney’s shares rose. Shares of Iconix dropped 14.6 percent to close at $14.53 Wednesday in over-the-counter-trading. Shares of Jones fell 8.1 percent to close at $11.25 in trading Wednesday on the New York Stock Exchange.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)