Retail shares pulled off their fourth consecutive gain in the aftermath of a seven-day losing streak — and outperformed the S&P 500, which set a new all-time high.
The S&P 500 Retailing Industry Group rose 0.7 percent to 909.55 today, building on the 1.5 percent advance that pulled the index over the 900 mark on Tuesday.
S&P 500 rose 0.3 percent to 1,890.90, closing at its highest level ever, while the Dow Jones Industrial Average increased 0.2 percent to 16,573.
Investors were encouraged by ADP’s report that private employers added 191,000 jobs in March and an upward revision in the February figure to 178,000.
Cache Inc. shares rose 7 percent to $3.50 while those of Aéropostale Inc. were up 6 percent to $5.33. Elsewhere among teen retailers, Zumiez Inc. added 5.1 percent to $26.03 and Pacific Sunwear of California 4.7 percent to $3.11.
However, Delia’s Inc. shares shed 6.3 percent to close at 90 cents. Vince Holding Corp. shares fell 2.7 percent to $26.28 and Elizabeth Arden Inc.’s surrendered 2.2 percent to $28.74.
European stock markets closed the day in positive territory, with the exception of Milan's FTSE MIB, which was down 1 percent to 21,692.04.
The DAX in Frankfurt closed up 0.2 percent to 9,623.36, while the CAC 40 in Paris and the FTSE 100 in London both advanced 0.1 percent to 4,430.86 and to 6,659.04, respectively.
Retail and luxury stocks were mostly up, with the exception of Tod's, down 1.9 percent to 95.05 euros; Yoox.com, 1.2 percent to 24.83 euros, and Brunello Cucinelli, 1.5 percent to 19.88 euros.
Among the stocks that gained the most ground were Boohoo.com, up 4.9 percent to 57 pence; Marks & Spencer Group, 2.2 percent to 4.70 pounds, and Moncler, 2.3 percent to 12.68 euros.
The euro traded at $1.38 against the U.S. dollar, while the pound fetched $1.66 and the Swiss franc equaled $1.13.
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