Shares of Martha Stewart Living Omnimedia Inc. dropped 5.7 percent to $2.32 Thursday as investors worried over the company’s relationship with J.C. Penney Co. Inc. The New York Post reported that Penney’s chief executive officer Myron “Mike” Ullman 3rd was going to drop the retailer’s line of Martha Stewart home goods. The 2011 deal that created the collection is now the subject of a battle in New York Supreme Court with Macy’s Inc., which already had an agreement with the brand.But a Penney’s spokeswoman said, “With regard to the product categories at issue in the lawsuit, the company is awaiting the judge’s ruling and we are not commenting any further.”RELATED CONTENT: Macy's-Martha-Penney's Back in Court >>Penney’s former ceo Ron Johnson negotiated with Stewart to create the controversial line and also spent $38.5 million for a 16.6 percent stake in the home goods firm. A Martha Stewart spokeswoman noted that: “J.C. Penney remains one of our many retail partners. Our agreement with them is in force, and we have no intention of ending it.”A source at Penney’s said a lot was going to depend on how the judge rules. In the meantime, the retailer is making some adjustments in the home area, which was recently revamped but flopped with consumers. “Things have to earn their space in the home department and the way it currently stands, Martha has a lot of space with lower-dollar items like paper products,” the source said, noting some of the brand’s offerings might deserve more space, such as window coverings.Shares of Penney’s gained 5.3 percent to $14.22 Wednesday.
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)