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.
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?"