The S&P 500 Retailing Industry Group joined the broader S&P 500 in registering its sixth consecutive winning session.
However, the retail index logged nearly twice as big a gain as its parent, rising 0.9 percent to 880.65 as the S&P 500 was up 0.4 percent to 1,879.55. The Dow Jones Industrial Average ran parallel to the S&P 500, rising 0.4 percent to 16,514.37.
Leading the U.S.-based fashion, retail and beauty stocks monitored by WWD, American Apparel Inc.’s shares jumped 21.6 percent to 66 cents following the removal last week of a delisting threat by the NYSE MKT exchange and the acquisition of 12.7 percent of its shares by Swiss investment firm FiveT Capital Holding. Others with larger than average gains included Dillard’s Inc., ahead 5.3 percent to $95.89, and Vince Holding Corp., up 3.9 percent top $27.36.
Shares of Bebe Stores Inc. fell 9.9 percent to $5.80 after the company said, in a preliminary report on its third-quarter results, that it would incur a deeper loss than previously expected and that its same-store sales, expected to be flat, fell 5.7 percent, dragging down gross margins. The Wet Seal Inc. was the only other member of the WWD sample to drop more than 3 percent, descending 3.3 percent to $1.18.
After being closed for four days, European markets went back to business with strong gains, with the DAX in Frankfurt leading the way.
The German market was up 2 percent to 9,600.09, followed by the FTSE MIB in Milan, up 1.5 percent to 21,935.34, and the CAC in Paris, up 1.2 percent to 4,484.21. The FTSE 100 in London was up 0.9 percent to 6,681.76.
Retail and luxury stocks were also on the uptick, with the day’s biggest gainers including Boohoo.com, 3.5 percent to 50 pence; Italia Independent Group, 4.1 percent to 39.60 euros; Metro AG, 3.8 percent to 29.23 euros, and Yoox Group, 3.3 percent to 25.54 euros.
Among the few stocks that dipped were Mulberry Group, 0.7 percent to 6.97 pounds, and Bonmarche Holding, 1.2 percent to 2.93 pounds.
The euro traded at $1.38 against the U.S. dollar, while the pound fetched $1.68 and the Swiss franc equaled $1.13.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast