J.C. Penney Co. Inc. was not immune to what chairman and chief executive officer Myron ³Mike² Ullman III called weak economic conditions in the second quarter.
The department store company reported a 35.7 percent slide in second-quarter profits Friday to $117 million, or 52 cents a diluted share, from $182 million, or 81 cents a share in the same period a year ago. Sales in the quarter ended Aug. 2 dipped 2.5 percent to $4.3 billion from $4.4 billion last year.
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)