Retail Stocks End June With Gains

Retail index ekes out advance for day, up 1.3% in month.

U.S. retail stocks managed a small gain to start the week, enabling them to finish the month with a 1.3 percent increase.

The S&P 500 Retailing Industry Group rose 0.1 percent to 888.66, adding a 0.1 percent advance to finish the month ahead 1.3 percent. The result put the performance for the first half of the year at down 5.4 percent, with 124 trading days divided between 66 gains and 58 declines.

Neither the Dow Jones Industrial Average nor the S&P 500 made it into positive territory for the day. The Dow was off 0.2 percent to 16,826.60 and the S&P off 0.04 percent to 1,960.23, trimming their monthly gains to 0.7 percent and 1.9 percent, respectively.

American Apparel Inc. shares ended the day down 6.8 percent at 90 cents, their high for the day, after dropping as low as 75 cents in morning trading. Investors continue to weigh possible scenarios as ousted chief executive officer Dov Charney looks to acquire more shares after the company sought to frustrate those efforts with a poison pill plan and a firm refusal to hold a special shareholders’ meeting to change the company’s bylaws and expand its board.

Among other retail, fashion and beauty equities tracked by WWD, Sears Holdings Corp. scored the biggest gain of the day, rising 4.7 percent to $39.96, while Destination XL Group was up 3.8 percent to $5.51. Vince Holding Corp., Burlington Stores Inc. and Stage Stores Inc. also performed well, with Vince rising 3 percent to $36.62, Burlington up 2.7 percent to $31.86 and Stage ahead 2.4 percent to $18.69.

American Apparel had the largest decline among companies in the WWD sample. Other companies with decreases on the day included Elizabeth Arden Inc., down 3.6 percent to $21.42; Bebe Stores Inc., down 3.2 percent to $3.05, and Tumi Holdings, down 2.6 percent to $20.13.

While the DAX in Frankfurt was up 0.2 percent to 9,833.07, other European markets contracted. The CAC 40 in Paris fell 0.3 percent to 4,422.34 while both the FTSE 100 in London and the FTSE MIB in Milan receded 0.2 percent to 6,743.94 and 21,283.03, respectively.

All four indices surrendered ground during the month, with the CAC 40 down the most, 2.2 percent, and the DAX down the least, 1.1 percent. Milan was down 1.6 percent in June and London off 1.5 percent.

The day’s biggest gainers included Mulberry Group, 3.2 percent to 7.60 pounds; Salvatore Ferragamo, 1.4 percent to 21.78 euros, and Ted Baker, 2.7 percent to 18.12 pounds.
Among the stocks that lost the most ground were Mysale.com, 3.6 percent to 2.14 pounds; Gemfields, 5.7 percent to 47 pence, and Geox, 1.6 percent to 4.25 euros.

The euro traded at $1.36 against the U.S. dollar, while the pound fetched $1.70 and the Swiss franc $1.12.