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.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews