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.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews