Investors rewarded Express Inc. for its strong second-quarter results and punished Chico’s FAS Inc. for its poor performance in the quarter as the WWD Global Stock Tracker remained essentially flat for the day.
The tracker ended at 101.09, up 0.01 from its 101.08 finish on Tuesday. That paralleled the performance of the S&P 500, which rose 0.1 points to close at 2,000.12 for its second endpoint above the 2,000 mark.
Express posted the best performance among the 100 equities monitored by the tracker, rising 12.8 percent to $16.45, while Chico’s recorded the steepest decline among tracker stocks, declining 4.6 percent to $15.29. Express’s second-quarter results exceeded analysts’ consensus estimates, as did its guidance for the remainder of the year, while Chico’s results fell short of expectations as heavy promotions reduced margins but failed to prevent a spike in inventory.
Other top gains came from Yoox.com, up 6.8 percent to 20.31 euros, or $26.75 at current exchange, and J.C. Penney Co. Inc. and Sears Holdings Corp., which both rose 3.7 percent to, respectively, $11.20 an $35.94. Lotte Shopping Co. rose 3.5 percent to 336,000 South Korean won, or $330.50.
Among other equities to fall were Movado Group Inc., down 4.6 percent to $38.79; I.T Ltd., down 4.1 percent to 2.57 Hong Kong dollars, or 33 cents, and American Apparel Inc., down 3.5 percent to 98 cents. Shiseido Co. backtracked 2.9 percent to 1,952 yen, or $18.76.
Earnings news is likely to be among the drivers of trading on Thursday as Abercrombie & Fitch Co., Signet Jewelers, Coty and Pacific Sunwear of California are among the firms scheduled to report quarterly results.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)