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.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)