Shares of the troubled J.C. Penney Co. Inc. jumped as much as 10.9 percent today as analysts weighed in on the introduction of Joe Fresh and how the retailer would fare as a real estate company that rented space to other brands.
The stock closed up 6.2 percent to $16.44 even as Wall Street wavered and debt troubles in Cyprus threatened both depositors in the tiny nation’s banks and euro zone stability. The Dow Jones Industrial Average was down 0.2, or 22.78 points, to 14,491.33 and the S&P 500 Retailing Industry Group also fell 0.2 percent, or 1.44 points, to 718.44.
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)