Retail stocks underperformed on a down day for Wall Street today.
The S&P 500 Retailing Industry Group fell 1 percent to 890.42 as the Dow Jones Industrial Average fell 0.6 percent to 16,040.56.
But a few bucked the trend, particularly in the jewelry world.
Zale Corp. jumped 40.3 percent to $20.92 on the word that it would be acquired by Signet Jewelers Ltd. for $1.4 billion. Shares of Signet also closed up, rising 18.2 percent to $93.65. Shares of jewelry firm Birks Group Inc., which was not part of the deal, rose 7.3 percent to $1.33.
Also on the rise were Columbia Sportswear Co., up 7 percent to $84.14, and Christopher & Banks Corp., ahead 3.3 percent to $6.50.
Omnichannel teen retailer Delia's Inc. was the biggest decliner for the day. Its shares dropped 7.7 percent to 69 cents a day after the firm disclosed preliminary fourth quarter results that reflected a steep decline in the quarter's sales, a projection of a larger loss for the three months, and plans for a private placement to raise $44.1 million.
New York & Co. also fell 4.5 percent to $4.43, as did Revlon, down 2.7 percent to $23.47.
European stock markets were broadly flat at the close of trading.
The DAX in Frankfurt and the FTSE 100 in London were flat, closing at 9,660.05 and at 6,796.71 respectively. The CAC 40 in Paris edged up 0.2 percent to 4,341.10, while the FTSE MIB in Milan was down 0.2 percent to 20,438.30.
The euro traded at $1.37 against the U.S. Dollar, while the pound fetched $1.67, and the Swiss franc equaled $1.12.
The day’s biggest gainers included Safilo Group, which rose 1.1 percent to 16.96 euros; Luxottica Group, 1.1 percent to 39.55 euros, and Asos.com, 1.9 percent to 66.96 pounds.
Among the stocks that lost the most ground were Brunello Cucinelli, down 2.3 percent to 21.10 euros; Tod’s, 1.9 percent to 99.90 euros, and Ferragamo, 1.1 percent to 23.34 euros.
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye