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.
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