The S&P 500 Retailing Industry Group rose 0.6 percent to 871.82, on par with the S&P 500’s percentage increase to 1,911.91 and ahead of the 0.4 percent ascent of the Dow Jones Industrial Average, to 16,675.50. A number of analysts noted that the long weekend in the U.S. showed signs improved traffic at malls.
And while Aéropostale had the largest increase among the retail, fashion and beauty stocks tracked by WWD, about 30 of these issues enjoyed increases of 1 percent or more on the day. The Wet Seal Inc. and Destination XL Group Inc. were both up 6 percent, to $1.01 and $5.47, respectively.
Wet Seal’s run came in advance of its first-quarter financial results, released after the close of the markets, in which it matched analysts’ consensus estimates for adjusted loss of 18 cents a diluted share, exclusive of special items including the costs associated with its decision to close its Arden B units. Revenues missed estimates, but shares held steady in the first phase of after-hours trading.
Among companies with declines for the day were Zumiez Inc., down 3.2 percent to $27.88; American Apparel Inc., off 3 percent to 64 cents, and The Bon-Ton Stores Inc., which retreated 2.6 percent to $11.12.
European markets advanced towards the end of the trading day, with major markets except the FTSE MIB in Milan finishing with advances.
The Milan exchange was down 0.4 percent to 21,403.55 while the DAX in Frankfurt led the upswing with a 0.5 percent gain to 9,940.82. The FTSE 100 in London moved up 0.4 percent to 6,844.94, and the CAC 40 in Paris inched up 0.1 percent to 4,529.75.
Among the biggest gainers for the day were Boohoo.com, up 7.6 percent to 50 pence; Ted Baker, 3.9 percent to 19.05 pounds; Asos.com, 4.9 percent to 45.37 pounds, and Safilo Group, 1.6 percent to 16.67 euros.
Among the stocks that fell were Aeffe, down 1.7 percent to 1.19 euros; Geox, 1.2 percent to 2.92 euros; Ferragamo, 2 percent to 22.66 euros, and Koovs, 1.9 percent to 1.52 pounds.
The euro traded at $1.36 against the U.S. dollar, while the pound fetched $1.68, and the Swiss franc equaled $1.12.
“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)