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.
“I like everything she does,” said @lilkimthequeenbee about @parishilton at Hilton’s launch party for her collab with @boohoo. “She understands women and the certain body types. I think her clothes are so cute. It’s hot. She’s funny, but sexy at the same time, just like me.” #wwdeye (📸 @chelsealaurenla ) #parishilton #boohoo #lilkim
“It has to be authentic and real to me,” @charlotteslawrence tells WWD’s @leighen about writing her own music. “No matter what I’m singing, I have to still be able to feel it in that moment or in five years from now — I have to be able to connect to that moment: this is my story, this is a little piece of me.” Read more on wwd.com (📸: @jgreenery ) #wwdeye #charlottelawrence
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