The WWD Global Stock Tracker declined a fraction on the last trading day of the week but rose 2.3 percent for the best weekly showing since its launch last month.
The tracker increased each of the first four days of the trading week before declining less than 0.1 percent on Friday.
Among the strongest performers for the day were three retailers with second-quarter results that impressed the market on Thursday. The Bon-Ton Stores Inc. rose 9.7 percent to $11.20 following its 1.6 percent increase in same-store sales for the three months, on top of a 12.8 percent increase following the results.
After the markets closed Thursday, Gap Inc. and Ross Stores Inc. both reported earnings results that exceeded analysts’ consensus estimates and rose in after-hours trading. They picked up where they left off on Friday morning and advanced further, with Ross shares up 7.4 percent to $74.37 and Gap rising 5.2 percent to $45.43.
Other big gainers among the 100 equities tracked by WWD around the world included Trinity Ltd., up 6 percent to 2.13 Hong Kong dollars, or 27 cents at current exchange, and Inter Parfums Inc., up 4 percent to $30.16.
Among those retreating on the day were Li & Fung Ltd., down 4.6 percent to 10 Hong Kong dollars, or $1.29, after it reported a higher net profit in what it termed a “mixed economic landscape.”
Ann Inc. shares pulled back 3.3 percent to $37.52 after it reported a 33 percent decline in quarterly profits that was largely in line with the profit warning it had issued early in August. Perry Ellis International Inc.’s stock fell 3.1 percent to $19.63 after rising 5 percent on Thursday following its report of a smaller quarterly loss than analysts had expected. Express Inc., scheduled to report quarterly results on Aug. 27, saw its shares drop 2.8 percent to $14.39 while Adidas shares were off 2.4 percent to 58.29 euros, or $77.42.
The baseline for the WWD Global Stock Tracker was set at 100 when it launched on July 8. Analysis of data prior to its introduction shows that it’s risen 1.4 percent in the past three months, with 62 issues up, 35 down and three unchanged.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast