Investors appeared to be upbeat about holiday retailing on the last full trading day before Christmas.
The S&P 500 Retailing Industry Group was up 0.4 percent to 935.84 today, just below the 0.5 percent advance registered by both the Dow Jones Industrial Average and S&P 500, which ended trading at 1,827.99 and 16,294.61, respectively.
U.S. markets will have an abbreviated day of trading Tuesday and are scheduled to close at 1 p.m. for Christmas Eve.
Twitter Inc. and Facebook Inc. jumped 7.6 and 4.8 percent, respectively, to $64.54 and $57.77, while Pacific Sunwear of California Inc. logged the largest increase among U.S.-based retailers tracked by WWD, a 7.4 percent advance to $3.50. J.C. Penney Co. Inc. moved ahead 5.5 percent to $8.78.
In the WWD sample of retail, fashion and beauty stocks, decliners were outnumbered by advancers by about a two-to-one margin. Jos. A. Bank Clothiers Inc. and The Men’s Wearhouse Inc. shed 1.3 and 0.7 percent, respectively, to end trading at $56.29 and $51.63. Before trading began Monday, Bank said it had rejected MW’s offer to acquire it for about $1.54 billion.
Tiffany & Co. shares surrendered 0.1 percent of their value, landing at $90.50, following word that it had ordered by a Netherlands arbitration panel to pay Swatch Group $448.6 million following the contentious end of the two companies’ venture to develop Tiffany watches. Swatch shares rose 0.8 percent to 586 Swiss francs, or $653.98 at current exchange, on the Swiss exchange.
Major European indices all finished the day with gains, with London’s FTSE 100 gaining the most, up 1.1 percent to 6,678.61.
The DAX in Frankfurt rose 0.9 percent to 9,488.82, while the FTSE MIB in Milan rose 0.7 percent to 18,697.15 and the CAC 40 in Paris closed up 0.5 percent to 4,215.29.
However it was a more mixed day for fashion, luxury and retail stocks.
Those that notched up gains included Aeffe, which climbed 6 percent to 0.67 euros; Hennes & Mauritz, which rose 1.5 percent to 296 Swedish krona; Compagnie Financière Richemont, up 0.9 percent to 87.70 Swiss francs, and Tod’s, which rose 1.4 percent to 120.30 euros.
Declines hit Brunello Cucinelli, down 1.9 percent to 25.59 euros; Geox, which fell 0.7 percent to 2.63 euros, and Ferragamo, down 1 percent to 27.53 euros.
The pound traded for $1.63 against the dollar Monday, while the euro went for $1.34, the Swiss franc for $1.11 and the Swedish krona for $0.15.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty