Retail shares continued their comeback Wednesday, even as the first indications about August sales results left much to be desired. The Standard & Poor’s Retail Index registered a 1.6 percent increase, to 414.27, while the Dow Jones Industrial Average was up just 0.1 percent to 11,532.88. The S&P 500 was off 0.2 percent and the Nasdaq Composite declined 0.7 percent. Jos. A. Bank rallied late in the day, closing with an 11.4 percent increase to $28.69 after reporting a second-quarter earnings increase that beat analysts’ estimates. J.C. Penney and Kohl’s had gains — 2.5
percent and 2.8 percent, respectively — despite reporting lower comparable-store sales, a reflection of the emphasis investors are placing on inventory discipline. Zumiez reported a small comp gain for August after the close of the markets and was up 7.4 percent; Hot Topic was down for August, but its shares rose 6.2 percent. European fashion shares were sluggish, with most issues finishing the session down. Among the exceptions were Safilo Group, which ended Wednesday’s trading in Milan with an increase of 4.7 percent, and Tod’s and IT Holding, which both closed with 2 percent gains. Among other luxury issues, LVMH Moët Hennessy Louis Vuitton was down 3.1 percent and PPR off 2.8 percent on the Paris Bourse.
* 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.
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)
@denimdaysfestival, which initially launched in Amsterdam in 2014 and has since expanded to New York, is heading to Nashville for the very first time. The two-day festival, which will take place in November, will feature brand activations, hands-on workshops by artisans and denim mills, a vintage market, live entertainment, and local food and drinks. Get all the details on WWD.com. #wwdnews #wwdfashion
Later this month, the popular “Diana: Her Fashion Story” exhibit will be reopening. @historicroyalpalaces, the charity that manages @kensingtonroyal, has been working towards adding new, never-before-seen garments to the exhibit, including this dress created by Gianni Versace for a fund-raising dinner at the Museum of Natural History in Chicago. The exhibit will reopen on April 26 at Kensington Palace @wwdfashion
“Our family has always been engaged and interested in the world around us. [My brothers and I] were always encouraged to have our own opinion at a young age, which is not always something a child is asked — especially to have an opinion with reasoning behind it,” said @yarashahidi on becoming an activist. We caught up with the 18 year old last week, where she talked about her road to acting, how “Black-ish” led her to start conversations about identity and more. Head to WWD.com to read what she had to say #wwdeye (📷: @chelsealaurenla)