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.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)