Shares of J.C. Penney Co. Inc. fell to a 52-week low after investors realized that the early update on comparable-store sales perhaps wasn’t so positive after all.
Penney’s said Tuesday that it recorded a 2 percent comps gain for the fourth quarter, the first time since the second quarter of 2011 that the retailer has posted a positive quarterly sales result. It noted that for the nine weeks of November and December, the comps growth was a gain of 3.1 percent.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)