U.S. retail shares fell 0.5 percent today, a generally down day for global stock markets.
The S&P 500 Retailing Industry Group slipped 4.35 points to 914.45 as the Dow Jones Industrial Average fell nearly 0.1 percent to 15,875.26.Among those seeing the biggest declines came from Tandy Brands Accessories Inc., down 4.8 percent to 20 cents; Delia’s Inc., 3.7 percent to 96 cents, and J.C. Penney Co. Inc., 3.3 percent decline to $8.20.
The gainers included American Apparel Inc., up 7.8 percent to $1.11; Coldwater Creek Inc., 3.8 percent to 82 cents; The Wet Seal Inc., 3.8 percent to $2.59, and Zale Corp., 3.4 percent to $14.94.
Investors are waiting for some clarity on when the Federal Reserve will began to cut back on its program to buy back $85 billion in bonds each month to support the economic recovery. The Fed's panel on monetary policy began a two-day meeting today and will update investors on Wednesday afternoon.
Stocks were also off in Europe, with the FTSE MIB in Milan leading the way.
The Italian market was down 1.6 percent to 17,925.21, followed by the CAC 40 in Paris, 1.2 percent to 4,068.64, and the DAX in Frankfurt, 0.9 percent to 9,085.12. The FTSE 100 in London was down 0.6 percent to 6,486.19.
The euro traded at $1.38 against the U.S. dollar while the pound fetched $1.63, the Swiss franc equaled $1.12 and the Swedish krona traded at $0.15.
Retail and luxury stocks were mostly down, with the exception of Kering, which advanced 1 percent to 150.65 euros, and Hennes & Mauritz, which was up 1.2 percent to 286.40 Swedish kronor.
Among the decliners were Debenhams, down 4.5 percent to 0.82 pounds; Aeffe, 2.1 percent to 0.61 euros; Ferragamo, 2.8 percent to 27.25 euros and French Connection, 4.9 percent to 0.34 pounds.
Moncler’s stock took a step back after its strong initial public offering Monday, closing down 5.5 percent to 14.15 euros. That's still marks a two-day gain of 38.7 percent.
In Asia, where the day’s trading sessions began, the Nikkei 225 in Tokyo rose 0.8 percent to 15,278.63 while the Hang Seng Index in Hong Kong fell 0.2 percent to 23,069.23.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@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)