Retail shares ended a four-day winning streak with a 1 percent decline today.
The S&P 500 Retailing Industry Group gave back 8.65 points to end at 900.90, having fallen below the 900 mark earlier in the session.
The major indices held up better as the Dow Jones Industrial Average lost less than a point to end the day at 16,572.55 and the S&P 500 dropped 0.1 percent to close at 1,888.77. The tech-laden Nasdaq lost 0.9 percent to close at 4,237.74.
With the decline in the S&P retailing listing, the index now has split the 64 trading days of the year evenly, with 32 days of gains and an identical number of losses.
A larger-than-expected jump last week in applications for first-time unemployment benefits — to 326,000 from 310,000 in the prior week — may have produced some anxiety among investors as they waited for the March jobs report, expected from the Labor Department Friday.
Shares of Perry Ellis International Inc. gained 3.1 percent to $14.69 despite a net loss and a 16.4 percent decline in sales for the fourth quarter. The results were better than the Miami-based firm’s preliminary report on results on Feb. 24.
Gains were also registered by Express Inc., up 2 percent to $17.04, and Target Corp., up 1.4 percent to $61.72.
Among firms with decreases were Hudson’s Bay Co., off 5.1 percent to 17.86 Canadian dollars after providing guidance for 2014 profits that were below analysts’ views, and Under Armour Inc., off 5.2 percent to $112.66.
Most of Europe’s stock indices were in positive territory at the close of trading, with Milan’s FTSE MIB up 1.4 percent to 21,992.08. The CAC 40 in Paris rose 0.4 percent to 4,449.33 and the DAX in Frankfurt moved ahead 0.1 percent to 9,628.82.
London’s FTSE 100 lost 0.2 percent to 6,649.14.
Fashion, luxury and retail stocks with increases included Burberry, which was one of the FTSE 100’s best performers, rising 3 percent to 14.32 pounds. Online retailer Koovs, meanwhile, climbed 9.5 percent to 1.85 pounds, while Inditex was up 1.7 percent to 112.10 euros and Tod’s gained 1.3 percent to 96.30 euros.
Among the stocks in the sector that lost ground were Asos.com, which fell 3.3 percent to 50.12 pounds, after its disclosure Wednesday of a 21 percent fall in first-half net profits. Fellow online retailers Boohoo.com and Yoox also fell, down 2.6 percent to 55 pence and 2.3 percent to 24.25 euros, respectively.
The pound traded for $1.67 against the U.S. dollar, while the euro went for $1.37 and the Canadian dollar for 90 cents.
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