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.
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion
Eighty degree temperatures and outdoor installations at the annual Art Basel Miami Beach called for bright, elevated beachwear. See more street style pictures on WWD.com. #theyarewearing #ABMB (📷: @lifeinreverie)
Following September’s emotional tribute to her brother Gianni, Donatella Versace wanted to bring the spring show’s deep sense of intimacy to her @versace_official pre-fall collection. Donatella found inspiration in Versace Palazzo in Milan and from Gianni’s opulent apartment. Archival patterns and new motifs were splashed on silk shirtdresses and fitted jersey frocks. See the rest of the photos on WWD.com. #wwdfashion
Demna Gvasalia continues to shake up the Paris fashion calendar — and experiment with new runway timetables for his @vetements_official brand. WWD has learned that Vetements plans to stage its next coed show for the fall 2018 season on January 19 during Men’s Fashion Week in the French capital. Details about the timing and venue have not been confirmed — stay tuned on WWD.com to catch the latest. #wwdnews (📷: @giovanni_giannoni_photo)
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)