Investor concerns following a report about widening of credit default swap spreads sent shares of J.C. Penney Co. Inc. down 4.1 percent to $6.75 in Big Board trading Thursday.
Credit ratings agency Fitch Solutions said the retailer’s five-year credit default swap spreads had widened, and noted that this underscores “continued investor concern as the retailer struggles to find its footing.”
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?"