U.S. retail stocks retook the high ground on Wall Street today.
The S&P 500 Retailing Industry Group gained 1.4 percent, or 10.21 points, to 755.56 as trading settled, setting a new all-time record of 758.73 in midday trading.
Retail was bullish versus the broader market. The Dow Jones Industrial Average ended up 0.2 percent, or 24.50 points, to 14,700.80.
First time jobless claims fell by 16,000 last week to 339,000. That drop was much bigger than the 4,000 decline economists projected and a hopeful signal from the job market for investors.Gaining ground in the fashion world were Michael Kors Holdings Ltd., up 5.7 percent to $56.56; The Bon-Ton Stores Inc., 5 percent to $14.38; Sears Holdings Corp., 4.5 percent to $50.52; Aéropostale Inc., 4.2 percent to $14.07, and Guess Inc., 4.1 percent to $26.99.
Most European stock markets were also on the rise.
The DAX in Frankfurt advanced 1 percent to 7,832.86, as the FTSE MIB in Milan gained 0.5 percent to 16,649.75, and the FTSE 100 in London rose 0.2 percent to 6,442.59.
Running countertrend was the CAC 40 in Paris, which fell 0.1 percent to 3,840.47.
Among the gainers was Compagnie Financière Richemont, parent of Cartier, Alfred Dunhill and Van Cleef & Arpels. The stock climbed 2.4 percent to 76.35 Swiss francs, basking in the afterglow of news earlier this week that net profits for the year would rise 30 percent, with help from favorable currency movements.
Ferragamo advanced 2.6 percent to 23.11 euros while Metro AG was up 1.4 percent to 23.25 euros. Among the stocks that saw the biggest declines was Asos.com, down 1.7 percent to 30.81 pounds. The euro traded at $1.30 against the dollar while the pound fetched $1.53 and the Swiss franc went for $1.06.
“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)