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.
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)