Most global stock indices ended Wednesday’s trading sessions up.
Tokyo’s Nikkei 225 was one of the few indices that fell, closing down 0.5 percent to 8,746.87. Hong Kong’s Hang Seng Index rose 0.2 percent to 20,888.28.
European stock markets closed on a more optimistic note than they began on Wednesday. The FTSE 100 rose 0.3 percent to 5,825.81. In Milan, the FTSE MIB advanced 0.3 percent to 15,535.09 and, in Frankfurt, the DAX grew 0.2 percent to 7,322.08. The CAC 40 in Paris dropped 0.2 percent to 3,406. 02.
Markets were responding to positive employment data from the U.S. The ADP jobs report showed private payrolls expanded by 162,000 in September, more than the 153,000 reportedly expected by analysts.
It was a mixed afternoon for luxury and retail stocks. British supermarket chain Tesco fell 2.6 percent to 3.28 pounds, or $5.27 at current exchange, as it reported a drop in first-half profit as a result of a challenging global economic environment. It was the first decrease in profits in almost 20 years.
Other brands that lost ground included Swatch Group, down 2.1 percent to 65.75 Swiss francs, or $70.01; LVMH Moët Hennessy Louis Vuitton, 1.6 percent to 118.85 euros, or $153.29, and Compagnie Financière Richemont, 1.2 percent to 57.95 Swiss francs, or $61.71.
On the rise were Brunello Cucinelli, up 4.2 percent to 14.41 euros, or $18.59; Mulberry, 2.5 percent to 12.30 pounds, or $19.77, and Yoox, 1.1 percent to 10.30 euros, or $13.30.
In the U.S., the Dow Jones Industrial Average rose 0.1 percent to 13,494.61. The S&P Retail Index gained 1.3 percent to 662.71.
One of the day’s top gainers was The Bon-Ton Stores Inc., rising 7.6 percent to $11.96. Other retail shares that rose include American Eagle Outfitters Inc., climbing 4 percent to $21.85; Kohl’s Corp., up 2.6 percent to $52.24, and Macy’s Inc., which rose 2.1 percent to $39.49. Many retailers report September same-store sales results Thursday.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia