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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)