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.
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?"