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.
“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)