JC Penney’s big loss, Richemont optimism, Millennial spend, Alexis Bittar expands, Jess Hallett

JCPenney campaign with Cindy Crawford | Source: Adrants

J. C. Penney Posts Big Loss as 3 Retailers Gain (NY Times) “While retailers including Home Depot, Saks Fifth Avenue and TJX Companies reported solid profits on Tuesday, J. C. Penney, in the midst of an ambitious turnaround plan, posted a big loss and said its quarterly sales had dropped 20 percent.” Strong Asia demand keeps Richemont optimistic (Reuters) “Richemont, the world’s second-largest luxury goods

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