The S&P 500 Retailing Industry Group rose 0.5 percent, matching Monday’s gains, to end the trading session at 884.49. The gain was more than twice the ones registered by the Dow Jones Industrial Average and S&P 500, both of which were ahead 0.2 percent to 16,808.49 and 1,941.99, respectively. The Nasdaq rose 0.4 percent to close at 4,337.23.
The International Council of Shopping Centers and Goldman Sachs reported that sales for the week ended Saturday were up 3.1 percent versus the comparable week of 2013 and 0.4 percent higher than those for the week ended on June 7. The sequential increase, although small, was only the second registered since the end of April, with the more recent gain, a heftier 2.9 percent increase, coming in the final week of May.
Most U.S.-based fashion, retail and beauty equities tracked by WWD landed in positive territory, with those adding value outnumbering those on the loss side by about a seven-to-two margin.
American Apparel Inc. shares were up 4.8 percent to lead the group, landing at 65 cents, followed by Christopher & Banks Corp.’s 4.3 percent advance to $8.49 and Destination XL Group Inc.’s 3.4 percent improvement to $5.16. J.C. Penney Co. Inc. was up 2.8 percent to $8.88 and Lands’ End Inc. ahead 2.7 percent to $32.76.
The handful of stocks with declines included Tilly’s Inc., down 1.4 percent to $8.04; Zumiez Inc., down 1.2 percent to $27.86, and The Estée Lauder Cos. Inc., down 0.9 percent to $75.25.
Investors’ attention on Wednesday will likely be focused on the Federal Reserve, which will conclude two days of meetings.
European stocks lost some of their earlier gains at the end of trading but ended higher despite the ongoing concerns about Iraq and the ongoing situation in Ukraine.
The DAX in Frankfurt rose 0.4 percent to 9,919.87, while the CAC 40 in Paris advanced 0.6 percent to 4,536.07. Meanwhile, the FTSE 100 in London and the FTSE MIB in Milan edged up 0.1 percent to 6,764.34 and 21,996.40, respectively.
Among fashion, luxury and retail stocks, gainers included Carrefour SA, up 1.2 percent to 26.26 euros; Hennes & Mauritz, 0.9 percent to 291.70 Swedish kroner; Luxottica Group, 0.9 percent to 41.94 euros, and Safilo Group, 1 percent to 15.55 euros.
Aeffe lost earlier gains to end down 0.8 percent at 1.24 euros. Other stocks that lost ground included Brunello Cucinelli, down 1.8 percent to 16.40 euros; Asos, 2.0 percent to 28.70 pounds, and Geox, 3.2 percent to 2.71 euros.
The pound traded for $1.70 versus the U.S. dollar, the euro at $1.35 and the Swedish krona at 15 cents.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)