That marked Aéropostale’s highest close since May 30. Volume traded was 29.4 million shares, nearly 10 times the three-month daily average of 3.1 million.
Aéropostale said Monday that the 68-year-old Geiger would immediately become ceo, succeeding Thomas Johnson. Geiger took a seat on the board back in May, raising speculation that he could again become ceo.
Geiger ran Aéropostale from the time of its spin-off from Federated Department Stores Inc., now Macy’s Inc., in 1998, through its public offering in 2002 and until his retirement from the chain in 2010. The company expanded greatly during Geiger’s tenure but has performed poorly in the last several seasons. The chain is trying to reconnect with its teen base and reestablish its relevancy.
Aéropostale’s jump easily outpaced the WWD Global Stock Tracker, which gained 0.8 percent to $99.70. The chain is not part of the 100-company measure of fashion stock performance.
The top gainers in the tracker were American Apparel Inc., which jumped 9.1 percent to $1.02 after the company projected stronger adjusted earnings ahead, and The TJX Cos. Inc., which rose 8.7 percent to $58.56 after the company beat estimates for the second quarter.
The weakest performance on the tracker came from Elizabeth Arden Inc., which fell 23.3 percent to $15.05 after the said it had agreed to take a $50 million investment from Rhône Group LLC, which could dilute the holdings of other shareholders.
Arden’s drop stood out in what was generally a good day for global markets. New York’s Dow Jones Industrial Average rose 0.5 percent to 16,919.59 as Frankfurt’s DAX led European markets with a 1 percent gain to 9,334.28 and Tokyo’s Nikkei 225 led in Asia with a rise of 0.8 percent to 15,449.79.
“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)