Retail shares managed a small gain on Wall Street today — the sector's ninth advance in 10 trading days.
The S&P 500 Retailing Industry Group was up 0.1 percent to 899.23, matching the gain of the S&P 500, which finished the day at 1,840.76. The Dow Jones Industrial Average finished in negative territory, shedding 0.2 percent to close at 16,130.40.
Aéropostale Inc. led those advancing among the equities tracked by WWD, picking up 5.5 percent to $6.50 as speculation continued to swirl about possible investments in the firm by private equity players.
The struggling New York-based teen retailer was part of a move forward by a number of specialty store chains on the day, which saw New York & Co. Inc. and Pacific Sunwear of California Inc. both pick up 3.8 percent to close, respectively, at $4.64 and $2.77.
Delia’s Inc., shares of which declined more than 10 percent in morning trading after it reported a sharp decline in sales and an increase in its net loss for the fourth quarter, closed the day unchanged at 75 cents.
In the continuing battle between The Men’s Wearhouse Inc. and Jos. A Bank Clothiers Inc., MW shares rose 0.8 percent to $44.42 while Bank’s declined 1.7 percent to $54.20. Eminence Capital, an investor in both firms, vowed to continue its pressure on Bank in both proxy and judicial form.
The Bon-Ton Stores Inc. and The Wet Seal Inc. had the largest declines for the day, both descending 4.2 percent to $9.54 and $1.85, respectively.
While most European markets barely moved, London’s FTSE 100 managed a 0.9 percent increase to 6,796.43. In Milan, the FTSE MIB was up 0.1 percent to 20,478.53, while Frankfurt’s DAX rose less than 0.1 percent to 9,659.78. The CAC 40 in Paris ended down 0.1 percent to 4,330.71.
With few exceptions, luxury, retail and beauty issues ended the session fairly close to their starting points. However, French Connection moved up 3.9 percent to 54 pence. Among a quartet of European stocks registering relatively large declines, Inditex was down 4 percent to 105.15 euros, Safilo Group lost 2.6 percent to 16.77 euros, H&M shed 2.3 percent to 285.80 kroner, and Carrefour pulled back 1.8 percent to 26.18 euros.
The euro traded at $1.36 versus the U.S. dollar, while the pound locked in at $1.64 and the krona at 15.3 cents.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia