Shares of Saks Inc. showed some spark today ahead of first-quarter results, which are due out Tuesday morning.
Saks gained 3.6 percent to $12.28 — the stock’s best close since March 2011. Analysts project the company’s adjusted earnings for the quarter will be flat at 19 cents a share on a 3.3 percent gain in sales to $778.5 million.
The stock bucked the general trend in what was a quiet day in the market, which is still near its all-time high.The S&P 500 Retailing Industry Group fell 0.1 percent, or 0.47 points, to 793.03, and the Dow Jones Industrial Average also slipped 0.1 percent, or 19.12 points, to 15,335.28.
The day’s decliners included The Bon-Ton Stores Inc., down 2.8 percent to $18.62; The Jones Group Inc., 1.3 percent to $14.92, and Amazon.com Inc., 0.8 percent to $267.63.
In Europe, most markets gained ground. London’s FTSE 100 rose 1 percent to 6,755.63, as Frankfurt’s DAX increased 0.7 percent to 8,455.83 and Paris’ CAC 40 gained 0.5 percent to 4,022.85. Milan’s FTSE MIB fell 0.6 percent to 17,506.87.
The gainers included Safilo Group, 2 percent to 13.89 euros; Salvatore Ferragamo, 1.7 percent to 24.84 euros; Mulberry Group, 1.6 percent to 9.50 pounds, and Brunello Cucinelli, 1.2 percent to 17.10 euros.
The pound traded for $1.53 against the dollar while the euro fetched $1.29.
“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