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.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty