U.S. retail stocks posted gains today as the major U.S. indices finished a strong month on a weak note.
In a day of abbreviated trading following Thanksgiving, the Dow Jones Industrial Average and the S&P 500 both registered declines of 0.1 percent to end the Black Friday session – and a positive November overall – at 16,086.41 and 1,805.81, respectively. The S&P 500 Retailing Industry Group marked the year’s biggest shopping day with a gain of 0.3 percent to close at 932.78.
Strong performances came from Zale Corp., up 5.2 percent $14.75 late Tuesday posting a reduced loss and a 4.4 percent pick-up in comparable sales for its first quarter. Aéropostale Inc. followed with a 4.9 percent advance to $10.32 as it faced a chorus of investors pressing for a sale of the company.
Meanwhile, other teen retailers continued to feel pressure from the competitive, difficult conditions facing the sector. Shares of Delia’s Inc. registered the largest decline of fashion, retail and beauty stocks tracked by WWD, descending 3.2 percent to $1.20, while The Wet Seal Inc. was close behind with a 2.6 percent decline to $3.33.
Europe’s markets finished the week on a largely downbeat note.
The DAX in Frankfurt managed to edge up 0.2 percent to 9,405.30, but the rest of the region’s indices registered falls. The FTSE 100 in London finished down 0.1 percent to 6,650.57, while the FTSE MIB in Milan dipped 0.4 percent to 19,021.48 and the CAC 40 in Paris ended the day down 0.2 percent to 4,295.21.
It was a mixed day for fashion and luxury stocks. Among those that fell were the Swatch Group, down 1.8 percent to 101.30 Swiss francs, while LVMH Moët Hennesy Louis Vuitton dipped 1.4 percent to 138.75 euros and Richemont fell 0.9 percent to 92.10 Swiss francs.
But there were some positive performers in the sector, too. Hermès rose 1.2 percent to 257 euros, while Ferragamo gained 1.3 percent to 29.25 euros and Mulberry finished up 0.5 percent to 10.14 pounds.
The pound traded for $1.63 Friday, while the euro went for $1.36 and the Swiss franc for $1.10.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
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For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)