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.
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)
@badgalriri’s @fentybeauty launch in September was a massive success on social media, powering $72.9 million of earned media value, according to Tribe Dynamics. The brand’s foundation offering sparked conversations about diversity in beauty, launching the growth of emerging influencers and propelling the brand’s support on social media. Today, #fentybeauty won Launch of the Year at the WWD #BeautyIncAwards. (📷: Chema Moya/EPE-EFE)
@marianna_hewitt has become one of the most influential content creators in the beauty space, with almost 800,000 Instagram followers and a newly launched skin care line called @SummerFridays. Today, she was awarded Influencer of the Year at the WWD #BeautyIncAwards. (📸: @sophiachabbott )
As shopping behaviors evolve, the retail experience must follow. Head over to retail experts @colliersinternational’s Knowledge Leader series to read more about the shift in our shopping era. #colliersretail #lovecolliers
@prada opened a pop-up club, called Prada Double Club, in collaboration with German artist Cartsen Höller at @artbasel Miami. Last night, guests – including @youngparis, @ritaora and even Miuccia Prada herself – gathered in a former ice factory where the pop-up is housed for a performance from @wyclefjean. Go to WWD.com for full coverage on all the exhibits, parties and more at #ArtBaselMiami. #wwdeye (📷: @lexieblacklock)
@louboutinworld and @disney are making magic once again, creating a set of shoe designs for the release of “Star Wars: The Last Jedi.” Louboutin designed a pair of shoes for each of the film’s four female leads: Rey (@daisyridrey), Vice Admiral Amilyn Holdo (@lauradern), Captain Phasma (Gwendoline Christie) and Rose Tico (@kellymarietran). The shoes will debut on Saturday at the L.A. premiere of the latest episode. #wwdfashion
Today at the #BeautyIncAwards 2017, WWD will be joined by beauty leaders from around the world as we honor this year's most innovative people, products, brands and places. Follow along here and on Twitter for live coverage from the exclusive event. #wwdsummits (📷: @elizaflorendo)
Exclusive: Beauty superinfluencer @marianna_hewitt is launching her first-ever skin care brand with her business partner @laurengores. Their new line Summer Fridays, which will be sold exclusively at summerfridays.com starting in January, is launching with just one product – a hydrating cream Jet Lag Mask. “We wanted to focus on one product that was amazing,” said Hewitt. Read the full interview on WWD.com. Link in bio. #wwdbeauty #wwdnews
Michelin star-rated chef PJ Calapa marks his first solo endeavor with today’s opening of @scampinyc –– the new Southern Italian restaurant located in Manhattans’ Flatiron District. The upscale yet welcoming environment matches the menu, which includes two types of scampi: traditional Italian langoustines in butter and the Americanized version with shrimp over pasta 🍤 - pictured here. #wwdeye (📷: George Chinsee)