Modest upward momentum in world markets rubbed off on fashion equities today, moving the WWD Global Stock Tracker up 0.4 percent to 101.13.
While the S&P 500 closed above 2,000 despite a small decline, ending the day at 2,002.28, the majority of major indices around the world finished with gains, led by a 1.4 percent increase for Shanghai’s SSE Composite Index, which ended the day at 2,266.05, and a 1.2 percent increase for Tokyo’s Nikkei 225, which rose to 15,668.60.
The largest percentage gains among issues monitored by the tracker came from American Apparel Inc., up 6.9 percent to $1.01 for its first close about $1 in a week; Li Ning Co., up 4.2 percent to 4.48 Hong Kong dollars, or 58 cents at current exchange, and Under Armour Inc., which rose 4.1 percent to $71.13.
Large gains also came from Isetan Mitsukoshi Holdings Ltd., up 3 percent to 1,289 yen, or $12.35; Revlon Inc., up 3 percent to $34.99, and Perry Ellis International Inc., up 2.9 percent to $20.65.
U.S.-based stocks were responsible for four of the five weakest performances of the day, with The Bon-Ton Stores Inc.’s 3.2 percent decline to $10.22 and J.C. Penney Co. Inc.’s 2.4 percent dip to $10.54 faring most poorly. Sears Holdings Corp. gave back 2.1 percent to close at $34.08 and Avon Products Inc. was off 1.7 percent to $13.80, while Salvatore Ferragamo Italia SpA’s shares were down 1.3 percent to 21.90 euros, or $28.75.
While U.S. markets had little to ponder in the way of financial news as work resumed after Labor Day, investors will have data on factory orders and retail sales and the Beige Book report from the Federal Reserve on Wednesday. Additionally, G-III Apparel Group Ltd. and Vince Holding Corp. will report quarterly financial results before the markets open and results from PVH Corp. following the close of trading.
@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
@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)