European markets picked up some steam Monday as concerns about Greece’s credit woes remained in check.
London’s FTSE 100 rose 25.02 points, or 0.5 percent, to 5,167.47 and the CAC 40 in Paris gained 10.15 points, or 0.3 percent, to finish Monday’s trading session at 3,609.22. Germany’s DAX managed to gain 10.71 points, or 0.2 percent, to close at 5,511.10.
With markets in the U.S. closed for Presidents’ Day and in China for the lunar new year, trading volume was generally low.
Tokyo’s Nikkei 225 slid 78.89 points, or 0.8 percent, to land at 10,013.30. Last week, it closed below the 10,000 mark on three of four trading days, its first visits to four-digit territory this year. Despite ongoing problems at Toyota Motor Corp. and the insolvency of Japan Airlines, Japan’s gross domestic product grew at an annualized rate of 4.6 percent last year, its government said.
However, investor enthusiasm was limited by a statement by Hirofumi Hirano, chief cabinet secretary, that the country’s economy and “its trend remain severe and to this end, quickly implementing measures to be funded by the budget are needed to help prevent the weak economy from sinking into a double-dip recession.”
In the U.S., Zale Corp. on Monday confirmed reports it eliminated 60 jobs at its corporate headquarters in Irving, Tex., last week, lowering the head count there to about 800.
The specialty jeweler employs about 11,200 people in the U.S. Last week, the company hired Peter J. Solomon Co. to serve as its financial adviser following a management shake-up in January in which Theo Killion, president, succeeded Neal Goldberg as chief executive officer on an interim basis.
@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)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“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