Retail stocks fell 0.4 percent on Wall Street today, but the J.C. Penney Co. Inc. rollercoaster continued and investors pushed the stock up 8.5 percent to $8.14 after an analyst offered a slightly better take on the ailing department store’s sales outlook.
The S&P Retailing Industry Group slipped 3.75 points to 890.88 while the Dow Jones Industrial Average gained 0.5 percent, or 69.80 points, to 15,615.55.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)