Retail stocks closed out the first half with increases Friday as the major indices declined amid continued uncertainty about the future of the federal stimulus.The S&P 500 Retail Industry Group rose 2.15 points, or 0.3 percent, to 788.37, putting it up 8.5 percent for the second quarter and a robust 20.7 percent for the first half of the year.The Dow Jones Industrial Average was off 114.89 points, or 0.8 percent, to 14,909.60, leaving it down for the month while up 2.3 percent for the quarter and 13.8 percent so far this year. The S&P 500 was in similar territory, declining 6.92 points, or 0.4 percent, for the day, putting it up 2.4 percent for the quarter and 12.6 percent for the year.Pacific Sunwear of California Inc. was among the day’s strongest performers, jumping 8.7 percent to $3.62 after Wedbush Securities upgraded the stock to “outperform” from “neutral.” Another West Coast specialty retailer with a similar lifestyle message, Zumiez Inc., rose 2.9 percent to $28.75.Nike Inc. shares were up 2.2 percent to $63.58 following Thursday’s after-market fourth-quarter earnings report, in which it exceeded analysts’ estimates and reported an 8 percent increase in future orders, including some improvement in China.Among the firms ceding ground on Friday were three beauty companies — Inter Parfums Inc., Revlon Inc. and Elizabeth Arden Inc. — with respective declines of 2.8, 2.5 and 2.4 percent, ending the week at $28.52, $22.06 and $45.04. The Estee Lauder Cos. Inc. fared only somewhat better, surrendering 1.1 percent to close at $65.77.Among fashion, beauty and retail equities, advancers and decliners were essentially evenly matched.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim