Global indices fell Thursday on concerns over U.S. economic data points.
The Dow Jones Industrial Average fell 1 percent to 16,446.81, while the S&P Retailing Industry Group was down 1.1 percent to 841.71.
Cherokee Inc. was the day’s top gainer, up 1.6 percent to $13.44. B. Riley initiated a “Buy” on the stock. Beauty firm Coty Inc. also saw a gain of 1.3 percent to $15.97, while Stein Mart Inc. rose 1.2 percent to $12.85.
Cache Inc. was the day’s biggest decliner, down 5.1 percent to $1.67. Elizabeth Arden Inc., which is exploring a sale, was down 4.6 percent to $25.31. Teen retailer Aeropostale Inc. also saw shares slip 4.3 percent to $4.48.
European stock markets closed on a down note Thursday. The FTSE MIB in Milan suffered the most, dropping 3.6 percent to 20,419.62.
The CAC 40 in Paris dipped 1.3 percent to 4,444.93, followed by the DAX in Frankfurt, 1 percent to 9,656.05, and the FTSE 100 in London, 0.6 percent to 6,840.89.
The euro traded at $1.37, while the pound fetched $1.68, and the Swiss franc equaled $1.12. The Swedish krona traded at $0.15.
There were winners and losers among the big retail and luxury stocks.
Among the biggest gainers was Kering, up 2.7 percent to 162 euros; Compagnie Financière Richemont, 4.2 percent to 90.95 Swiss francs, and Hennes & Mauritz, 3.7 percent to 284.20 Swedish kronor, after the company reported that total sales in local currencies jumped by 17 percent in April.
Among the stocks that lost the most ground were French Connection Group, 13.9 percent to 0.76 pounds, after the company reported a 9.1 percent rise in its same-store sales in the 15 weeks to May 10.
However, the retailer also said in a trading statement that its North American market continues to be impacted by the “weakness in the apparel market,” there, and said that the region would “trade below expectations for the remainder of the year.”
Geox fell 7.9 percent to 2.81 euros, Yoox Group, 4 percent to 21.56 euros; Ferragamo, 2.2 percent to 22.79 euros; Moncler, 3 percent to 11.99 euros; and Aeffe, 7 percent to 1.07 euros.