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.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty