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.
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)
20-year-old British singer @jorjasmith_ made her debut at Coachella last weekend. We caught up with her and talked about her love for Amy Winehouse, working with Kendrick Lamar on the “Black Panther” album and her fashion philosophy. Read the interview on WWD.com #wwdeye (📷: @katiedaisyla)
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)