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.
Yesterday, the Parisian fashion house @azzaro_official cut the ribbon on a temeporary retrospective at the wing of the Musée des Arts Décoratifs in Paris. The exhibition, which shows the lasting influence of the brand’s founder Loris Azzaro, is titled “Azzaro, Fifty Sparkling Years” and presents 50 looks. In it’s ’70s heyday, fans of the brand included Jane Birkin, pictured here, Raquel Welch, Brigitte Bardot and more. See more photos on WWD.com #wwdfashion
@trinaturk and @macys Inc International Concepts line are linking up on a collection for summer — filled with accessories, swimwear and shoes. The collection will also include a Mr Turk men’s line, both of which are the designer’s first entry into a more accessibly priced area. “It’s very world-traveler, gypset-inspired,” said Turk. The Trina Turk x INC line will launch on May 15th. #wwdfashion
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge