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.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18