Retail stocks slipped today even as Wall Street hit a new high.
The S&P 500 Retailing Industry Group dipped 0.3 percent, or 2.35 points, to 836.98 as the Dow Jones Industrial Average inched up 0.1 percent, or 22.19 points, to 15,567.74, having set a new all-time high of 15,604.22 in morning trading.
The decliners in the apparel retailing and beauty world included Sears Holdings Corp., down 4.1 percent to $42.81; Estée Lauder Companies Inc., 2.6 percent to $64.95; Pacific Sunwear of California Inc., 2.4 percent to $4, and New York & Company Inc., 2 percent to $6.43.
Most European markets edged down. The FTSE 100 in London and the CAC 40 in Paris were both off 0.4 percent, to 6,597.44 and to 3,923.09, respectively, while the DAX in Frankfurt fell 0.2 percent to 8,314.23.
Milan’s FTSE MIB rose 0.03 percent to 16,238.58.
Retail and luxury stocks put on a mixed show, with the day’s biggest gainers including The Swatch Group, which rose 2.2 percent to 94.30 Swiss francs after the company forecast a strong second half, and Mulberry Group, up 1 percent to 9.90 pounds.
The biggest decliners included Hermès International and LVMH Moët Hennessy Louis Vuitton, both of which fell 1.2 percent, to 259.20 euros and to 130.05 euros, respectively; and Luxottica Group, down 2.5 percent to 39.25 euros. Burberry Group sank 1.6 percent to 14.80 pounds and Brunello Cucinelli also fell 1.6 percent to 20 pounds.
The euro traded at $1.32 against the dollar while the pound fetched $1.53 and the Swiss franc equaled $1.07.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
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@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)