The S&P 500 Retailing Industry Group rose nearly 1 percent to 880.12 on Wall Street today as most global stock indices logged small gains today.
Among the top performers in the U.S. markets were Elizabeth Arden Inc., up 13.1 percent to $36, and American Apparel Inc., up 11 percent to 73 cents. Arden rose amid reports that it hired Goldman Sachs as financial advisor to help it explore sale options. Those reports came a day after Seoul-based LG Household and Health Care Ltd. said Arden is one of several acquisition targets it was considering. Also gaining ground were Pacific Sunwear of California Inc., up 4.9 percent to $2.99, and The Wet Seal Inc., rising 2.6 percent to $1.19.
Among the decliners was Under Armour Inc., which fell 7.4 percent to $50.42 after the company's guidance for this year disappointed. Under Armour posted a 73.3 percent gain in first-quarter net income and said net revenues for 2014 would be in the range of $2.88 billion to $2.91 billion, or 24 percent to 25 percent growth over 2013. Matthew McClintock, analyst at Barclays, said that guidance "remains conservative."
Also losing ground was Cache Inc., which slipped 5.5 percent to $2.76.
The Dow Jones Industrial Average held steady, ending the day unchanged at 16,501.65.
Overseas, the European stock markets saw minor gains at the close, led by the FTSE MIB in Milan, which was up 0.7 percent to 21,819.48.
The CAC 40 in Paris climbed 0.6 percent to 4,479.54 while the FTSE 100 in London was up 0.4 percent to 6,703.00. The DAX in Frankfurt rose 0.1 percent to 9,548.68.
The euro traded at $1.38 against the dollar, while the pound fetched $1.68 and the Swiss franc went for $1.13.
Retail and luxury stocks were mostly down, with the day’s biggest decliners including Unilever, down 2.1 percent to 30.08 euros, following a 6.3 percent dip in first-quarter sales due to currency headwinds.
Carrefour SA sank 3.2 percent to 28.05 euros and French Connection Group was down 3.6 percent to 0.74 pounds. Asos.com fell 2.8 percent to 45.78 pounds.
Among the few stocks that gained ground were Safilo Group, up 1.8 percent to 15.35 euros; Burberry Group, 1.8 percent to 14.54 pounds; and Gemfields, 2.2 percent to 0.41 pounds.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty