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.
"'Dynasty' is all about gowns, the diamonds and the scandal, so it's a bit like the fashion industry. When we come to Cannes it's all about the red carpet dresses too, so it all fit really well," said designer @philippplein78 on the theme of his high-glamour resort 2019 show at his mansion in Cannes. #wwdfashion #cannes (📷: @zefashioninsider)
"I think Spike is such a brilliant director because he holds up a mirror to society and reflects these issues, yet he doesn't shove it down your throat, he doesn't tell you what to think," says @lauraharrier on her latest film @Blackkklansman. Harrier was at the Cannes Film Festival – for the very first time – with @officialspikelee. #wwdeye #cannes (📷: @zefashioninsider)
“I would think to myself, Are you happy? Yes, I’m wildly happy. I go to this studio every day and, in my inside voices, I’m giggling; I’m singing. Yes, it’s a lot of work, it’s a [huge] volume of material. It wouldn’t be for everybody. But I was very happy,” said soap opera star @therealsusanlucci of checking in throughout the years with her career trajectory. Lucci spoke to WWD about her decades-long career, love for pilates, motherhood and her QVC activewear line. Read Bridget Foley’s full piece on Lucci on WWD.com #wwdfashion (📷: @celestesloman)
@balmain has taken a stand at the #cannes Film Festival, dressing 16 actresses at a press call for the project “Noire N’est Pas Mon Metier,” or “Black Is Not My Profession.” The multimedia project includes a book, photo exhibit and documentary, which aims to expose discrimination in the French and American entertainment industries. “The moment I was asked to participate, I knew it was right for me, and for this brand, to form a part of this moment,” Balmain creative director @olivier_rousteing told WWD. #wwdnews #wwdfashion
"I always feel curious and I feel like there's more to learn. But I think being relevant, feeling relevant, I personally always feel that there's just so much more to know. And maybe that's the key.” — @themarcjacobs #wwdsummits #wwdbeauty (📷: @patrickmacleodphoto )
“The most amazing thing about her is that, regardless of all the things that have happened to her, her spirit is so undaunted by all of it. She is the most cheerful person you will ever meet. She doesn’t see problems, she only sees solutions,” said @ajanaomi_king of activist Ifrah Ahmed, who she plays in a new film “A Girl from Mogadishu.” WWD caught up with King at Cannes — Head to WWD.com to read more about her new role, personal style and how she uses social media for causes like Time’s Up and Black Lives Matter #wwdeye
WWD asked a number designers to share their thoughts on what Meghan Markle’s wedding gown will look like this Saturday. Here, Valentino’s Pierpaolo Piccioli sketches his look. #wwdfashion #royalwedding #meghanmarkle