The S&P 500 Retailing Industry Group rose 0.2 percent, or 1.08 points, to 636.31 today, as the Dow Jones Industrial Average was roughly flat, slipping 0.23 points to 12,815.16.
Penney’s posted the biggest retail decline of the day, falling 12.9 percent to $17.97. Standard & Poor’s cut the firm’s credit rating two notches to “B-minus” late Friday and Credit Suisse downgraded the stock to underperform.
The day’s fashion gainers included Zale Corp., up 9.5 percent to $7.50; Coldwater Creek Inc., 7.2 percent to $4.60; VF Corp., 4.4 percent to $159.68, and Lululemon Athletica Inc., 2.2 percent to $69.23.
Markets were modestly down in Europe.
The FTSE MIB in Milan and the CAC 40 in Paris both fell 0.4 percent, to 15,121.70 and to 3,411.65, respectively, followed by the FTSE 100 in London, which declined 0.04 percent to 5,767.27.
The DAX in Frankfurt was the only market that gained ground, rising 0.1 percent to 7,168.76. Retail and luxury stocks put on a mixed show, with the day’s biggest gainers including Burberry Group, which was up 2.5 percent to 12.47 pounds; Compagnie Financière Richemont, 2.4 percent to 66.05 euros; Mulberry Group, 3 percent to 10.51 pounds, and Ferragamo, 1.7 percent to 15.96 euros.
Among the stocks that lost ground were Yoox, off 1.7 percent to 11.15 euros; Safilo Group, 3.1 percent to 6.34 euros, and Carrefour, 1.8 percent to 18.34 euros.
The euro traded at $1.27 versus the U.S. dollar while the pound traded at $1.59.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18