Slipping for the day were The Bon-Ton Stores Inc., down 7 percent to$7.90; Sears Holdings Corp., 5.2 percent to $53.44; Movado Group Inc., 4.4 percent to $23.59; Michael Kors Holdings Ltd., 4.1 percent to $39.03, and Tumi Holdings Inc. 3.1 percent to $16.27.
The Labor Department said initial claims for unemployment insurance fell by 26,000 to 350,000 last week — economists expected a much more modest dip of 1,000 in first-time claims.
European markets were also down. Milan’s FTSE MIB fell 2 percent to 13,583.82, as London’s FTSE 100 declined 1 percent to 5,608.25, Paris’ CAC 40 decreased 0.7 percent to 3,135.18 and Frankfurt’s DAX dipped 0.5 percent to 6,419.35.
The decliners included Tod's, down 4.4percent to 69 euros; Salvatore Ferragamo, 4.1 percent to 14.37 euros; Luxottica Group, 3.3 percent to 26.60 euros; PPR, 2.2 percent to 107.05 euros, and Marks and Spencer Group, 1.9 percent to 3.12 pounds.
The euro traded for $1.23 against the dollar while the pound went for $1.55.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive