U.S. retail stocks were buoyed today by Abercrombie & Fitch Co., which gained strongly even though it posted a 52 percent drop in second-quarter profits. The S&P Retail Index rose 0.7 percent, or 4.53 points, to 632.19 as trading settled, and the Dow Jones Industrial Average slipped just 0.1 percent, or 7.36 points, to 13,164.78. Abercrombie warned earlier this month that its second-quarter results would be disappointing and analysts said investor expectation were low when results came out today. That set up a 9 percent jump to $35.23 for the firm’s stock. Other gainers included Perry Ellis International Inc., up 8.9 percent to $22.27; True Religion Apparel Inc., 6.7 percent to $22.83; Movado Group Inc., 6.1 percent to $27.87, and Rue21 Inc., 4.3 percent to $27.11. Markets were mixed in Europe. Milan’s FTSE MIB gained 0.9 percent to 14,656.87, but the Paris CAC 40 slipped 0.03 percent to 3,449.20, Frankfurt’s DAX fell 0.4 percent to 6,946.80, and London’s FTSE 100 fell 0.5 percent to 5,833.04. The strongest stocks for the day included Salvatore Ferragamo, up 1.1 percent to 17.38 euros; Burberry Group, ahead 1.1 percent to 13.77 pounds, and Luxottica Group, up 0.6 percent to 28.88 euros. The euro traded at $1.23 and the pound went for $1.57.
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)