Retail stocks fell slightly today as major U.S. indices logged modest declines.
The S&P 500 Retailing Industry Group shed 0.3 percent to land at 939.07 while the Dow Jones Industrial Average and S&P 500 finished the day down 0.2 and 0.1 percent, respectively, at 16,418.68 and 1,877.17.
Stocks reacted less to tensions in Ukraine than to a report over the weekend that Chinese exports dropped unexpectedly last month.
Two recently pressured stocks traveled in different directions, with Sears Holdings Corp. rising 6 percent to $47.97 and American Apparel Inc. down the same percentage to 74 cents.
Also losing ground were two specialty retailers who’ll report fourth-quarter and full-year results later in the week. Aéropostale Inc.’s shares were down 5.2 percent to $7 while The Buckle Inc.’s dropped 1.9 percent to $46.94. Aéropostale reports after the market closes on Thursday and Buckle prior to Friday’s opening bell.
Elsewhere in the specialty retailing arena, The Wet Seal Inc. saw its shares rise 1.6 percent to $1.91 after it expanded its board with the addition of three independent directors and received assurances from activist investor The Clinton Group that it would vote for the entire slate of directors at the company’s annual meeting on May 22.
European markets yielded mixed results, with the FTSE MIB in Milan notching up a 0.6 percent gain to 20,753.36 and the CAC 40 in Paris edging up 0.1 percent to 4,370.84. However, the DAX slipped 0.9 percent to 9,265.50, while the FTSE 100 in London lost 0.4 percent to 6,689.45.
Fashion, luxury and retail stocks similarly produced mixed results as the week began.
Those that made gains included French Connection, up 4.2 percent to 61 pence, and Geox, up 4.4 percent to 3.49 euros. Aeffe climbed 1.5 percent to 0.83 euros and Hennes & Mauritz closed up 0.4 percent to 285.90 Swedish krona.
Those that lost ground included Yoox, down 2.8 percent to 31.39 euros; Safilo Group, which fell 4.3 percent to 16.01 euros; Marks & Spencer, which lost 3.1 percent to 4.81 pounds, and Mulberry, down 2.8 percent to 6.57 pounds.
The pound traded for $1.67 against the U.S. dollar, while the euro changed hands for $1.39 and the Swedish krona for 16 cents.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)