NEW YORK — Focused on centralization, J.C. Penney Co.’s turnaround accelerated in the third quarter as the retailer quadrupled its profits.
Investors were delighted by the stronger-than-expected results, which were helped somewhat by special items, and traded up shares of the firm a whopping $2.45, or 13.2 percent, to close Tuesday at $20.96 on the New York Stock Exchange.
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?"