The WWD Global Stock Tracker pulled back 0.4 percent to 99.18, principally on declines in European markets.
The steepest decreases for the day were from U.S.-based equities, with Michael Kors Holdings Ltd. down 7.3 percent to $79.44, American Apparel Inc. down 5 percent to $1.15, Inter Parfums Inc. down 2.9 percent to $28.35 and Oxford Industries Inc. down 2.6 percent to $63.91. Of the 100 companies in the WWD sample, Trinity Ltd. was the only other issue to slip more than 2 percent, declining 2.4 percent to 2.03 Hong Kong dollars, or 26 cents at current exchange.
Among those on the upswing, Aeffe SpA led all companies covered, rising 8.8 percent to 1.30 euros, or $1.77, followed by Matsuya Co., up 6.9 percent to 1,145 yen or $11.28. Yoox.com was up 4 percent to 19.12 euros, or $26.04, while Luen Thai Holdings Ltd. rose 2.5 percent to 2.07 Hong Kong dollars, or 27 cents.
In New York, the Dow Jones Industrial Average rose less than 0.1 percent to 17,060.68 after Federal Reserve chair Janet Yellen told Congress that the U.S. economy remained challenged despite recent improvements, suggesting interest rates are likely to remain low.
European markets pulled back, with the deepest decline coming from Milan’s FTSE MIB, off 1.3 percent to 20,422.95. Asian markets generally fared better, with Tokyo’s Nikkei 225 ahead 0.6 percent to 15,395.16.
Wolverine World Wide Inc. disclosed plans to close 140 stores over the next 18 months to improve its profitability, which rose 34.8 percent on an adjusted basis during the second quarter. Shares fell 3.1 percent to $25.64 in New York Stock Exchange trading.
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