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.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
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