Retail stocks slipped on Wall Street today as investors looked for direction.
The S&P 500 Retailing Industry Group dropped 0.6 percent, or 3.91 points, to 700.44, a steeper slide than seen by the Dow Jones Industrial Average, which declined 0.2 percent, or 21.73 points, to 13,971.24.
The retail index was led down by Amazon.com Inc., which fell 1.8 percent, to $257.21. Among the fashion and related companies losing ground were Jos. A. Bank Clothiers Inc., down 3.2 percent to $40.51; Elizabeth Arden Inc., 3.2 percent to $37.64; PVH Corp., 2.4 percent to $119.50; The Men's Wearhouse Inc., 2.3 percent to $29.52, and Ann Inc., 1.9 percent to $28.53.
The Dow is within 200 points of its all-time high set in 2007, but investors haven’t been able to muster the conviction to break through the barrier. The economy is still shaky and Europe's debt troubles remain worrisome. The retail index hit a new high-water mark of 713.13 last month, but has since retreated.
In Europe, the FTSE 100 in London gained 0.2 percent to 6,277.06 as the CAC 40 in Paris inched up 0.03 percent to 3,650.58. The DAX in Frankfurt declined 0.2 percent to 7,633.74 and the FTSE MIB in Milan showed edged down 0.6 percent to 16,529.87
The pound traded at $1.58 against the dollar while the euro traded at $1.34 and the Swiss franc went for $1.09.
Retail and luxury stocks were mostly off, with the exception of Mulberry Group, which was up 2.5 percent to 14.18 pounds; Metro AG, which advanced 1 percent to 24.70 euros, and Aeffe, which was up 1.4 percent to 0.68 euros.
Among the biggest decliners were Inditex, which sank 2 percent to 102.10 euros, and PPR and Safilo Group, which both retreated 2.3 percent, to 157.15 euros and to 8.40 euros, respectively.
“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)