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.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)