Retail stocks fell in lock step with Wall Street today.
The S&P 500 Retailing Industry Group declined 0.2 percent, or 1.16 points, to 676.02, as the Dow Jones Industrial Average dipped 0.2 percent, or 23.66 points, to 13,511.23.
The decliners in the fashion industry included Ann Inc., down 4.8 percent to $31.29; Aéropostale Inc., 1.7 percent to $13.03; Quiksilver Inc., 2.8 percent to $6, and Lululemon Athletica Inc., 2.9 percent to $67.44.
Among the chains gaining ground were Christopher & Banks Corp., up 13.1 percent to $6.41; Tumi Holdings Inc., 6.9 percent to $22.35, and G-III Apparel Group, 6.6 percent to $36.26.
European markets closed on a flat note Wednesday, with the CAC 40 in Paris and the DAX in Frankfurt and edging up slightly and the FTSE MIB in Milan and the FTSE 100 in London losing ground.
The French market advanced 0.3 percent to 3,708.49, followed by the German market, which was up 0.2 percent to 7,691.13. The Italian market edged down 0.7 percent to 17,339.95, while the British market fell 0.2 percent to 6,103.98.
The euro traded at $1.34 against the dollar while the pound traded at $1.61 and the Swiss franc traded at $1.10.
The day’s biggest gainers including Carrefour, which advanced 2.2 percent to 19.32 euros, and Tod’s, which was up 2.7 percent to 99.90 euros.
Among the firms losing ground were Safilo Group, down 2 percent to 7.70 euros; Mulberry Group, 2.5 percent to 12.35 pounds, and French Connection, 7.6 percent to 0.27 pounds.
Earlier today, French Connection said that like for like retail sales in the UK and Europe fell 2.9 percent for six months ended January 12.
In addition, the British fast fashion retailer said that, subject to business for the rest of January, the group is expected to report an annual loss of 7.5 to 8 million pounds, before tax and exceptional items, for the year ending January 31.