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.”
Exclusive: Nicola Formichetti is parting ways with @diesel after nearly four years. Formichetti, who served as Lady Gaga’s stylist in 2009, joined Diesel in 2013 as creative and artistic director. His first show debuted in Venice with a show held at the Venetian Arsenal. #wwdfashion #wwdnews
The polo shirt - an icon of preppy style - is roaring back into fashion in many creative guises, like this A-line polyester top from @carven, worn with @31philliplim cotton and elastane pants. Designers stretched a fashion classic into all kinds of new permutations this season. See how @mayteallende styled the preppy trend on WWD.com #wwdfashion (📸 : Kinya)
(Market Editors: @andrew_shang and @elmercer, Makeup: @amandawilsonmakeup using @fentybeauty, Hair: @gonn24, Model: @bara_holotova at @women360mgmt)
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@prada is embracing the holiday season with a series of short movies about the art of gift-giving. "The Postman's Gifts", which was directed by American filmmaker Autumn de Wilde, focuses on the brand's signature Prada Galleria bag and features Elijah Wood as the postman. In the first two episodes, Wood's delivers the iconic bag to @emmaroberts, who plays herself as a movie star, and Sasha Frolova. #wwdfashion
“I think I never met the person while we were working,” Vicky Krieps said of Daniel Day-Lewis, who she plays the love interest of in “Phantom Thread.” Day-Lewis remained perennially in character, so much so that she feels she’s just meeting him now. “It’s interesting to see how different he is in real life to the character,” Krieps said. WWD sat down with the 34-year-old actress to talk about her new role in the period film, which brings the fifties’ gender dynamics into the mix. Read more on WWD.com. #wwdeye (📷: @lexieblacklock)
@gucci has expanded its “Places” project to include six new cities. The initiative, which was first unveiled in July, aims to invite people to explore inspirational locations for the brand. On the list is the Biblioteca Angelica library in Rome pictured here. See the other five new venues on WWD.com. #wwdfashion (📷: @massimo_listri_official)
#ad From tools to lashes, WWD rounded up wellness and beauty products guaranteed to take your skin care and makeup routines to the next level in 2018. Follow along as @laceandleatherbyelyse, @ashnfashn and @elleisalwayshere experiment with these products on their Instagram profiles and blogs. #NewYearBetterYou
Blogger @camilacoelho is one of the fastest growing beauty influencers around the world. The bilingual blogger has worked with brands like @revolve Beauty, @dior, @louisvuitton and more and has an Earned Media Value of $34,338,441, according to @tribedynamics. But Coelho isn’t the only influencer making a major impact — head to WWD.com to see the other fastest-growing influencers in six key global markets. #beautyfridays (📷: @zefashioninsider)