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.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)