Retail stocks rose to new highs again today as the good vibes from Friday’s strong report on the job market lingered on Wall Street.
The S&P 500 Retailing Industry Group gained 0.4 percent, or 2.90 points, to 762.65, as the S&P 500 advanced 0.2 percent, or 3.08 points, to 1,617.50. Both indices set new highs.
The Dow Jones Industrial Average, which set a new high Friday, was roughly flat at 14,968.89. The fashion industry gainers included Stein Mart Inc., which shot up 13.2 percent to $9.72 after the company’s fourth-quarter earnings rose 130 percent to $13.5 million; American Apparel Inc., 4.1 percent to $2.05, and The Bon-Ton Stores Inc., 1.3 percent to $15.21.
European markets were off today. Milan’s FTSE MIB fell 0.4 percent to 16,862.99 as Frankfort’s DAX declined 0.1 percent to 8,112.08, and Paris’ CAC 40 decreased 0.2 percent to 3,907.04. The London Stock Exchange was closed for a bank holiday.
The decliners included LVMH Moët Hennessy Louis Vuitton, down 0.9 percent to 134.05 euros; Hermès International, 0.7 percent, to 262.10 euros, and Aeffe S.p.A., 0.4 percent to 0.60 euros. The euro traded at $1.31 against the dollar.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive