Unsettled as J.C. Penney Co. Inc. seems to be, several vendors indicated Tuesday that chief executive officer Myron “Mike” Ullman 3rd has the expertise to turn the business around.
Nicole Miller president and ceo Bud Konheim noted that the most recent financial results don’t reflect what is going on now under Ullman’s leadership. With 17 licenses sold through the retailer, Nicole Miller has not seen any changes in payments or credit issues, he said.
“They’re hunkered down doing back-to-school business. Morale is good. We’re shipping them everything. They pay right on time — same as they always have,” Konheim said. “Right now they are squeaky clean on time because they couldn’t afford one late payment. If one stamp fell off an envelope, it would be in the headlines.”
Nanette Lepore cofounder Bob Savage said he has not noticed any fundamental changes or anything negative in recent weeks. Ullman even stopped by the company’s New York showroom late last month and offered a vote of confidence about the L’amour Nanette Lepore label, which was introduced during the troubled tenure of former Penney’s ceo Ron Johnson. Savage added, “The J.C. Penney’s board seems to be backing Mike Ullman 100 percent, which I do also. It is a great Titanic of a ship to turn around, but there is no better person for the job to do it. He is the man-of-the-hour. I think it’s going to happen. His integrity is beyond anyone else’s.”
Savage, who is married to Lepore, said the designer has been impressed by Penney’s Lafayette Street offices.
Marc Bohbot, founder and ceo of Bisou Bisou, said, “We have a licensing agreement with J.C. Penney. We use vendors to ship our merchandise. We’ve noticed that the pool of vendors we’re using are very confident and are shipping good product, on time. As much as is going on in the market,” it hasn’t affected sales of Bisou Bisou, Bohbot said. “We feel great growth of Bisou Bisou at J.C. Penney. Lately, for the last two months, we’ve seen phenomenal improvement. We’re working well with the team at Penney’s and we’re seeing good results.”
In honor the @CFDA’s announcement of @iamnaomicampbell receiving the Fashion Icon Award at the 2018 #CFDAAwards, which will take place on June 4, here’s a #tbt of the supermodel on @michaelkors’ runway in 1991. #wwdfashion #wwdarchive (📷: George Chinsee)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech during @sxsw for @createcultivate in partnership with @fossil. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.