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.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast