By  on August 5, 2014

A quintet of U.S.-based equities, including Coach Inc., generated the largest gains for the day as the WWD Global Stock Tracker rose 0.2 percent to land at 97.32.

Shrugging off factors that drove the major U.S. indices down — including a 0.8 percent drop for the Dow Jones Industrial Average — WWD’s monitor of 100 top fashion, retail and beauty stocks around the world rose for the first time after five consecutive trading days of declines.

The largest gain of the day came from Quiksilver Inc., which advanced 6.4 percent to $2.98, followed by Coach Inc., up 4.3 percent to $35.80 after reporting better-than-expected fourth-quarter results. American Eagle Outfitters Inc.’s shares rose 4.2 percent to $10.86 while Tumi Holdings Inc.’s picked up 3.9 percent to $21.55.

Target Corp. registered the largest single decline of equities covered by the tracker, with shares easing 4.4 percent to $58.03 after it reduced  guidance for second-quarter results based on expenses and charges tied to its holiday 2013 data breach.

Also surrendering market capitalization were Express Inc., with shares down 2.7 percent to $15.45; and Matsuya Co., down 2.4 percent to 1,072 yen, or TKTKTKT at current exchange. Myer Holdings Ltd., Yoox.com and Onward Holdings Co. each shed 2.1 percent to drop, respectively, to 2.33 Australian dollars, or $2.17; 18.10 euros, or $24.31, and 717 yen, or $6.99.

J.C. Penney Co. Inc. and Sears Holdings Corp. were off 1.7 and 1.6 percent, respectively, to $9.08 and $37.07, with Macy’s Inc. down 1.6 percent to $57.64. Penney’s said it would open its first unit in Brooklyn, a 124,000-square-foot, single-level store in phase two of Gateway Center, on Aug. 29.

 

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