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.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)