The S&P 500 Retailing Industry Group fell 0.2 percent to 912.10 today even as the Dow Jones Industrial Average increased 0.3 percent to 16,458.56.
Among the retail and apparel stocks that posted gains were Signet Jewelers Ltd., up 3.2 percent to $75.42; Vince Holding Corp., up 2.6 percent to $24.87; Quicksilver Inc, up 2.5 percent to $7.90, and Christopher & Banks Corp., up 1.8 percent to $8.00.
For those firms that lost ground, two beauty firms led the way. Elizabeth Arden Inc. fell 19 percent to $27.96 after a profit warning, while Nu Skin Enterprises Inc. slipped 6.3 percent to $79.47 following word that Chinese officials were investigating its operations in the country. Also losing ground were, J.C. Penney Co. Inc. down 5.5 percent to $6.52; Destination XL Group Inc., off 5.1 percent to $5.56 and Columbia Sportswear Co., down 4.7 percent to $75.38.
In the European markets, stocks edged up slightly, with the FTSE MIB in Milan leading the way.
The Italian market advanced 0.5 percent to 19,969.33; followed by the DAX in Frankfurt, 0.3 percent to 9,742.96; the FTSE 100 in London, 0.2 percent to 6,829.30, and the CAC 40 in Paris, 0.2 percent to 4,327.50.
The euro traded at $1.36 against the dollar, while the pound fetched $1.64, and the Swiss franc equaled $1.10.
Retail and luxury stocks put on a mixed show, with the day’s biggest gainers including Bonmarche Holding, up 5.9 percent to 2.87 pounds; Brunello Cucinelli, up 2.5 percent to 22.81 euros; Marks & Spencer Group, up 1.8 percent to 4.87 pounds, and Salvatore Ferragamo, ahead 1.6 percent to 24.47 euros.
Among the stocks that lost the most ground were Metro AG, down 2.1 percent to 34.92 euros; French Connection, 2.1 percent to 0.35 pounds; and Hugo Boss, 1.1 percent to 96.12 euros.
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion