The S&P 500 Retailing Industry Group rose 1.8 percent, or 11.54 points, to 662.99, outshining the Dow Jones Industrial Average, which gained 0.8 percent, or 100.38 points, to 13,235.39.
Among those helping to push the retail index higher were Ross Stores Inc., up 2.7 percent to $54.66; Urban Outfitters Inc., 2.5 percent to $39.58, and The TJX Cos. Inc., 2.4 percent to $43.62.
Also gaining ground in fashion were Quiksilver Inc., up 10.5 percent to $3.91; G-III Apparel Group, 7.5 percent to $34.96; The Bon-Ton Stores Inc., 7.4 percent to $11.50; New York & Co. Inc., 4.4 percent to $3.60, and Sears Holdings Corp., 4.3 percent to $44.07.
Investor were feeling somewhat bullish about closed-door talks in Washington about the fiscal cliff standoff. Lawmakers are trying to steer the economy away from a set of automatic tax hikes and spending cuts scheduled to kick in next year.
European markets closed with mixed results as optimism surrounding the election of a new conservative Japanese government was overshadowed by investors’ concern about the looming U.S. fiscal deadline. The FTSE 100 in London closed down 0.2 percent to 5,912.15 points, while the CAC 40 in Paris dipped 0.1 percent to 3,638.10.
The FTSE MIB in Milan was up 0.6 percent to 16,004.73, and the DAX in Frankfurt grew 0.1 percent to 7,604.94.
Among those losing ground were LVMH Moët Hennessy Louis Vuitton and Marks & Spencer, which both dropped 0.6 percent, to 137.10 euros and 39.17 pounds, respectively. Burberry and Ferragamo both dipped 0.5 percent, to 12.58 pounds and 16.73 euros, respectively.
Stocks gaining ground included Inditex, up 2.1 percent to 105.65 euros; Yoox, 1.9 percent to 11.51 euros, and Hermès, 0.3 percent to 230.70.
The pound traded at $1.62 against the dollar and the euro was valued at $1.32.
The Nikkei 225 in Tokyo gained 0.9 points to 9,828.88. The Hang Seng Index in Hong Kong fell 0.4 percent to 22,513.61.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty