Investors are turning up the pressure on J.C. Penney Co. Inc.
Shares of the chain dropped 12.9 percent to $17.97 Monday — the worst close since March 2009. The decline followed Penney’s 4.8 percent fall Friday, when the company revealed third-quarter losses of $123 million and a 26.1 percent same-store sales decline.
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)