It may be worth it in the long run, but for now change is costing J.C. Penney Co. Inc. a lot of money.
On Monday the retailer reported a net loss for the third quarter ended Oct. 29 of $143 million, or 67 cents a diluted share, saying the moderate shopper pulled back while charges to restructure its operations and install new management piled up.
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)