J.C. Penney Co. Inc. Tuesday showed off its “profitable growth plan” — and its more than $4 billion real estate portfolio — in a presentation to the lenders it hopes will back its $1.75 billion in loan financing.
The prospective lenders were told that Penney’s hopes to combine a “return to promotional pricing strategy” with elements of what was started by departed chief executive officer Ron Johnson, including “inspirational in-store presentation on [an] enhanced merchandise assortment” and the rollout of 505 home stores set to launch June 6.
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?"