It was a down day for most global indices, which ended their trading sessions in declines with the exception of Tokyo and Milan.
In Asia, the Nikkei 225 in Tokyo rose 0.2 percent to 11,138.66, while the Hang Seng Index in Hong Kong fell 0.4 percent to 23,729.53.
The European markets, with the exception of Milan, were down at the close of trading on Thursday. The CAC 40 in Paris was down 0.9 percent to 3,732.60, while the FTSE 100 in London dipped 0.7 percent to 6,276.88. The DAX in Frankfurt retreated 0.5 percent to 7,776.05. The FTSE MIB in Milan, however, was up 0.9 percent to 17,439.06.
Retail and luxury stocks trading on the European exchanges were also mostly posting declines. Among those losing the most ground were Inditex, down 2.3 percent to 103.20 euros; Luxottica, 1.4 percent to 33.89; Burberry, 1 percent to 13.57 pounds; and LVMH Moët Hennessy Louis Vuitton, down 0.5 percent to 138.85 euros, despite saying that net profit rose 12 percent in 2012, as revenues were boosted by a slight acceleration in sales growth in the fourth quarter despite a challenging economic context.
In the U.S., the Dow Jones Industrial Average fell 0.4 percent to 13,860.58, while the S&P 500 Retailing Industry Group fell 0.7 percent to 698.13.
Retail stocks ended the trading sessions mixed, with more showing slight gains than losses. Among those that lost ground were Bon-Ton Stores Inc., down nearly 4 percent to $12.55. Zale Corp. lost 3.3 percent to $4.92.
The company that saw the biggest gain was Frederick’s of Hollywood Group Inc., which shot up 13.6 percent to 25 cents. Other retail shares that gained ground were Casual Male Retail Group Inc., up 4.3 percent to $4.59 and Christopher & Banks Corp., which rose 3.3 percent to $6.20.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion