It was generally a good trading day for the global indices.
In the U.S., the trading sessions ended mixed as the Dow Jones industrial Average rose 0.2 percent to 16,550.97. The S&P 500 Retailing Industry Group was essentially flat at down 0.02 percent to 837.08, even though retailers reporting monthly comparable-store figures for the most part pulled in some sales in April that they lost in March.
Teen retailer Zumiez Inc. was the day's biggest gainer, up 11 percent to $27.54. L Brands Inc. rose 4.8 percent to $55.93, while Cato Corp. rounded out the top three, up 3.8 percent to $28.75.
Among the day's top three retail losers was Cache Inc., down 16 percent to $1.95. Quiksilver Inc. was down 2.9 percent to $6.34 and the Bon-Ton Stores Inc. fell 2.3 percent to $10.21.
In Europe, the stock markets edged up at the close of trading, with the FTSE MIB in Milan leading the way.
The Italian market was up 2.3 percent to 21,729.64, followed by the CAC 40 in Paris, 1.4 percent to 4,507.24, and the DAX in Frankfurt, 0.9 percent to 9,607.40. The FTSE 100 in London advanced 0.6 percent to 6,839.25.
The euro traded at $1.39, while the pound fetched $1.70 and the Swiss franc equaled $1.14.
Retail and luxury stocks were also on the upswing, with the day’s biggest gainers including Aeffe, which earlier this week sought to quash rumors that it was the target of a takeover. The stock climbed 18.4 percent to 1.26 euros, notwithstanding Aeffe’s protestations that it is not looking for investors.
French Connection Group advanced 2.2 percent to 0.92 pounds; Marks & Spencer Group, 2.8 percent to 4.49 pounds; Metro AG, 2.7 percent to 28.91 euros following its report of widening losses in the second quarter; and LVMH Moet Hennessy Louis Vuitton, 1.9 percent to 142.70 euros.
For its next men’s wear collection, @roberto_cavalli will show as a special guest at #PittiUomo, running from June 12-15. The brand, which has Florence in its roots, will relaunch its men’s wear collection, which will be presented separately from women’s wear for the first time since Paul Surridge was appointed creative director in May. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech at the @sxsw conference for @createcultivate, the online platform and conference series for women. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
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.