Michael Francis, J.C. Penney Co. Inc.’s president and flashy image maker, has abruptly left the company.
The stirring development comes just eight months after Francis joined Penney’s from Target Corp., and adds fuel to concerns over Penney’s daring reinvention and the aggressive tactics that Francis was orchestrating along with chief executive officer Ron Johnson. The departure of Francis, Penney’s second-in-command, comes after steep losses at the retailer.
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)