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.
“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)