U.S. retail stocks registered increases today but fell short of making up ground surrendered earlier in the abbreviated trading week.
The S&P 500 Retailing Industry Group rose 0.2 percent to 896.78 trimming its decline for the four-day week to 0.2 percent and its year-to-date losses to 4.6 percent. The Dow Jones Industrial Average and S&P 500 both stepped back 0.2 percent, to respective levels of 16,103.30 and 1,836.25, leaving them behind 0.3 and 0.1 percent for the week.
For the second straight day, American Apparel Inc. suffered the largest percentage decline among fashion, retail and beauty stocks tracked by WWD, shedding 6.1 percent to close at 62 cents after a 32 percent drop on Thursday amid a flood of reports about possible restructuring initiatives by the Los Angeles-based vertical retailer.
New York & Co. Inc. shares were off 3.8 percent to $4.26 and Columbia Sportswear Co.’s down 2.6 percent to $82.54.
Nordstrom Inc. shares lost 0.3 percent, to close at $59.24, following the Seattle-based firm’s report of lower earnings and cautious guidance late Thursday.
Among equities advancing was PVH Corp., up 2.7 percent to $121.24 after the company reaffirmed its fourth-quarter and full-year guidance in preparation for negotiations about an amendment to its credit facility that would allow it to redeem $600 million in senior notes due in 2020.
Under Armour Inc. shares rose 5.1 percent to $112.68 while a pair of struggling specialty retailers, Delia’s Inc. and The Wet Seal Inc., logged increases of 8.6 and 4.4 percent, respectively, to close at the week at 76 cents and $1.88. Aéropostale Inc. and Pacific Sunwear of California Inc. also scored well, rising 2.9 and 2.2 percent to close at $6.70 and $2.79.
Most European markets were in positive territory at the close of trading.
The CAC 40 in Paris rose the most, gaining 0.6 percent to 4,381.06, while the DAX in Milan increased 0.4 percent to 9,656.95 and the FTSE 100 in London gained 0.4 percent, to 6,838.06. Only the FTSE MIB in Milan lost ground, falling 0.3 percent to 20,391.90. So far this year, the FTSE MIB is up 7.5 percent, while the CAC is ahead 2 percent, the FTSE 100 is up 1.3 percent and DAX is up 1.1 percent.
Fashion, luxury and retail stocks were also mostly on an upswing.
The gainers included Swatch Group, up 1.2 percent to 103 Swiss francs; Yoox, 1.1 percent to 31.02 euros;Hermès, 1 percent to 238.70 euros, and Moncler, 2.9 percent to 14.66 euros.
Shares of Kering dipped 2.3 percent to 151.45 euros after it reported that its net profit fell 95.2 percent to 50 million euros in 2013, due in part to the costs associated with exiting its retail businesses Fnac and Redcats.
Other decliners included Brunello Cucinelli, down 0.5 percent to 20.65 euros; Marks & Spencer, 0.5 percent to 5.01 pounds, and Mulberry, 0.6 percent to 6.66 pounds.
The pound traded for $1.67 against the U.S. dollar, while the euro went for $1.37 and the Swiss franc for $1.12.
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye