U.S. retail stocks were outpacing the market in midafternoon trading on Wall Street, where it was generally business as usual even as the effects of winter storm Nemo began to be felt in New York.The S&P 500 Retailing Industry Group was up 0.7 percent, or 4.77 points, to 703.90, as the market approached the final hour of trading. The sector was comfortably outperforming the Dow Jones Industrial Average, which was up 0.3 percent, or 44.27 points, to 13,988.32.Both retail stocks and the market overall are near their all-time highs, in part because the economy is projected to steadily improve even though it was unexpectedly weak in the fourth quarter when a cut in military spending weighed on GDP.The gainers in the fashion industry included Guess Inc., up 3.8 percent to $28; Quiksilver Inc., 2.4 percent to $6.78; Columbia Sportswear Co., 2 percent to $50.53, and Iconix Brand Group, Inc. 1.4 percent to $24.03.In Europe, stocks rallied, led by the Italian and French markets.The FTSE MIB in Milan and the CAC 40 in Paris were both up 1.4 percent, to 16,630.50 and to 3,649.50, respectively. The DAX in Frankfurt advanced 0.8 percent to 7,652.14 and the FTSE 100 in London rose 0.6 percent to 6,263.93.The euro traded at $1.35 against the dollar, while the pound traded at $1.57 and the Swiss franc traded at $1.10.Retail and luxury stocks were mostly on the upswing, with the day’s biggest gainers including Safilo Group, up 9.4 percent to 8.60 euros; Hugo Boss, ahead 2.2 percent to 88.51 euros after reporting record sales and earnings in 2012; Brunello Cucinelli, up 3 percent to 15.20 euros, and Burberry Group, ahead 2.1 percent to 13.65 pounds.
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot. #wwdfashion ( 📸: @cjw.photo )
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)
“On a personal level, it’s my vision to create a really different idea with their look to be at the epitome of women’s fashion in South Korea – to create a new milestone,” said stylist @chochowon on dressing K-pop’s most fashionable girl group, @blackpinkofficial. WWD’s @mistywhitesidell sat down with Won ahead of the group’s new album release, “Square Up,” which is out today. Read the full interview on WWD.com. #wwdfashion #blackpink_squareup #blackpink
For @ralphlauren, 2018 is a reason to celebrate: It marks the brand’s 50th year in business. Last year’s chauffeured show in Bedford, NY featuring his vintage car collection may have seemed like the big celebration to show-goers, but they were wrong. The official celebration will be held on September 7 during #NYFW. Get all the details on WWD.com. #wwdfashion (📷: @giovanni_giannoni_photo)