J.C. Penney Co. Inc. shares endured a heavy sell-off Thursday as most U.S. retailers and global indices enjoyed a strong day.
While the majority of U.S. retail stocks rose in Thursday’s trading sessions, J.C. Penney posted the biggest decline in the sector following its dismal fourth-quarter earnings report Wednesday. Shares plunged $3.59, or 17 percent, to close at $17.57. Sears Holdings Corp., which managed to narrow its fourth-quarter loss from a year ago, slipped 5.2 percent to $45.
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?"