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 his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye