PLANO, Tex. — Myron E. "Mike" Ullman 3rd, chairman and chief executive officer of J.C. Penney Co. Inc., told shareholders Friday the retailer was positioned to cope with the economic downturn — a day after Penney's reported first-quarter net profits fell 49.6 percent to $120 million.
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)