Macroeconomic forces are taking a big toll on consumers, with J.C. Penney and Kohl's being the latest victims of a weaker spending environment.
Hampered by softer sales and gross margin rates, J.C. Penney Co. Inc. posted a 9.1 percent decline in third-quarter earnings on softer sales, while Kohl's Corp. delivered third-quarter profits that fell 13.6 percent, but on higher sales.
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)