Retail shares fell just short of positive territory in an abbreviated trading day on Wall Street Tuesday.
The S&P 500 Retailing Industry Group was down 0.1 percent to 934.77 as trading came to an end at 1 p.m. in New York. The Dow Jones Industrial Average advanced 0.4 percent to 16,357.55 while the S&P 500 moved up 0.3 percent to 1,833.32. Both the Dow and the S&P headed into the Christmas at record closing levels.
Continuing a run that has seen its shares more than double in value in 2013, G-III Apparel Group Ltd. registered the strongest gain among the fashion, retail and beauty stocks tracked by WWD. Shares rose 6.1 percent to close at $73.89. Zale Corp. was up 4.6 percent to $16.15.
The Bon-Ton Stores Inc.’s shares declined 3.2 percent to $17.31 while Delia’s Inc.’s were of 3 percent to 92 cents.
In Europe, the DAX in Frankfurt and the FTSE MIB in Milan were both closed for the holidays. In London, the FTSE 100 closed up 0.2 percent to 6,694.17 while the CAC 40 in Paris was up 0.1 percent to 4,218.41.
It was generally a positive day for the fashion, luxury and retail stocks in those markets.
Those that rose in the day’s thin trading included Asos.com, up 0.4 percent to 61.80 pounds; Burberry, which gained 0.7 percent to 14.66 pounds, and Mulberry Group, which rose 2.5 percent to 9.53 pounds.
Among the few that logged declines were L’Oréal, which fell 0.2 percent to 124.90 euros; Hermès, which dipped 0.6 percent to 250.80 euros, and French Connection, down 0.4 percent to 0.36 pounds.
The pound traded for $1.63 Tuesday, while the euro went for $1.37.
@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)
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24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews