Signs of continued credit concerns and losses among major banks Tuesday worried investors, who pushed the overall market lower and sent retail and fashion stocks along for the slide. The benchmark Dow Jones Industrial Average fell 1.2 percent to 11,642.47, and even another drop in the price of oil to $113 a barrel wasn’t enough to perk up the markets. The Standard & Poor’s Retail Index slipped 1.4 percent to 394.43 after two trading sessions with solid gains.
Still, the market was, at times, willing to reward those with good news. Among the top gainers in the fashion sector was Fossil Inc., reporting a 71.3 percent rise in profits, and NexCen Brands Inc., the owner of Bill Blass, which on Monday got a bit of financial breathing room from its lender. Retail might help drive the market on Wednesday after investors get a look at July sales from the Commerce Department.
* Editor’s note: European stocks are quoted in the currency of their principal exchanges. Shares on the London Stock Exchange are quoted in pence, Richemont and The Swatch Group are quoted in Swiss francs and Hennes & Mauritz is quoted in Swedish kronor. All other European stocks are in euros.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18