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.
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion