Retail stocks gave back some of the gains they’d amassed during five previous winning sessions.
The S&P 500 Retailing Industry Group finished the day at 906.45, 0.5 percent below the point at which it closed before the three-day July 4th weekend.
In the broader market, the Dow Jones Industrial Average gave back 0.3 percent to close at 17.024.14 and the S&P 500 declined 0.4 percent to 1,977.63.
Among fashion, retail and luxury stocks tracked by WWD, issues in decline outnumbered those on the rise by a nearly five-to-one margin, with the largest decline in the WWD sample belonging to The Bon-Ton Stores Inc., off 4.3 percent to $10.53, followed closely by Lululemon Athletica Inc.’s 4.2 percent dip to $40.82 and Vince Holding Corp.’s 4.1 percent slide to $35.20.
Stocks ending the session ahead included Cache Inc., up 4.3 percent to $1.69; Coach Inc., 1.9 percent to $35.82, and American Apparel Inc., up 1.7 percent to 88 cents as investors remained focused on the ongoing conflict between ousted chief executive Dov Charney, its board and its lenders.
European markets also began the week on a down note, with the CAC 40 in Paris leading the way.
The French market fell 1.4 percent to 4,405.76, while the FTSE MIB in Milan was down 1.3 percent to 21,273.22, and the DAX 1 percent to 9,906.07. The FTSE 100 in London contracted least, finishing the day down 0.6 percent to 6,823.51.
Retail and luxury stocks were generally down, with the notable exception of Italia Independent Group, shares of which rose 6.2 percent to 32.70 euros.
Among the stocks that lost the most ground were Aeffe, down 3.3 percent to 1.21 euros; Debenhams, 2.9 percent to 66 pence; Salvatore Ferragamo, 2.1 percent to 21.17 euros, and Burberry Group, 2 percent to 14.29 pounds.
The euro traded at $1.36, while the pound fetched $1.72, and the Swiss franc equaled $1.12.
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For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
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Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)