Penney’s Shares Fall, Outlook Lowered
Despite being saddled with tax expenses higher than last year’s, J.C. Penney Co. Inc. delivered earnings per share from continuing operations that beat Wall Street estimates for the fourth quarter.
From This Issue
China will have the largest consumer economy by 2021, according to World Bank estimates, and, as its economy continues to grow at rates as high as 20 percent annually, the demand for prestige and luxury goods is increasing among Chinese women.
Missy Hebson and Kelly Golden knew they were taking a risk three years ago when they chose a sleepy street in this suburb in the Chicago area’s North Shore to launch Neapolitan, a high-end boutique carrying Alexander McQueen, Chloe and Zac Posen.
Diane von Furstenberg Studio and Diane von Furstenberg Studio L.P. filed a lawsuit against Joanna Ha, who does business as dvfdresses, safeisbest, nypad, New York Pillows and Drapes and joannaha.com, and other unnamed defendants for alleged trademark…
Last year, Parsons the New School for Design established the Donna Karan Professorship in Fashion Design, a gift from Karan, a Parsons alumna. Now a search is under way for the person best equipped to fill that professorship – the key position in the…