Shares of American Apparel Inc. scored the biggest gains among issues on the WWD Global Stock Tracker for the second consecutive day.
The Tracker was down 0.2 percent for the day to 99.24. The baseline was set at 100 when it was introduced Wednesday.
Shares of the Los Angeles-based vertical retailer gained 14.6 percent to close at $1.18, finishing the week up 35.6 percent from their 87-cent close on July 3. The company reached an agreement with Standard General and suspended chief executive officer Dov Charney calling for the reconstitution of the company’s board and allowing for the payment of $10 million owed to Lion Capital.
Other noteworthy gains came from Trinity Ltd., up 5.7 percent to 2.04 Hong Kong dollars, or 26 cents at current exchange; Anta Sports Products Ltd., up 2.1 percent to 12.72 Hong Kong dollars, or $1.64, and Sears Holdings Corp., up 1.6 percent to $38.96.
Among issues in decline were Safilo Group and Luen Thai Holdings Ltd., both down 2.9 percent to 14.95 euros, or $20.35, and 2.04 Hong Kong dollars, or 26 cents, respectively. Shares of The Buckle Inc. were off 2.5 percent to $44.66 one day after the firm provided a pleasant surprise for Wall Street with a 0.7 percent increase in same-store sales for June, and shares of PVH Corp. contracted 2.4 percent to $112.17.
Shares of Joe’s Jeans Inc. were up 20.4 percent to $1.24 following its report on strong second-quarter results late Thursday. B. Riley upgraded the company to “buy” from “neutral” and the price target to $1.70 from $1.30 based on signs of improvement in its business and upside from its integration of Hudson Jeans.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)