By and  on November 29, 2013

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.

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