Investor concerns following a report about widening of credit default swap spreads sent shares of J.C. Penney Co. Inc. down 4.1 percent to $6.75 in Big Board trading Thursday.
Credit ratings agency Fitch Solutions said the retailer’s five-year credit default swap spreads had widened, and noted that this underscores “continued investor concern as the retailer struggles to find its footing.”
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)