J. C. Penney Co., continuing to feel the impact of its reinvention efforts, today reported that it had a net loss of $147 million or $0.67 per share for the second quarter ended July 28.
On an adjusted basis, excluding restructuring and management transition charges, inventory transition markdowns, gains on the redemption of the Simon REIT units, and other costs, Penney's had a net loss of $81 million, or $0.37 per share.
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?"