J.C. Penney Co. Inc. investors — already an ornery bunch — were uninspired by the return of Myron “Mike” Ullman 3rd as chief executive officer.
Shares of Penney’s fell 12.2 percent to $13.93 Tuesday, leaving the department store with a market capitalization of $3.06 billion. The stock price had already been cut in half during the 17-month tenure of former ceo Ron Johnson, which abruptly ended Monday.
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?"