As 2013 draws almost to a close, most major global indices ended their trading sessions on a down note. One exception was the Dow Jones Industrial Average in the U.S., which rose nearly 0.2 percent to 16,504.29. The S&P Retailing Industry Group followed the trend of Europe’s majors indices, dipping slightly by 0.01 percent to 934.07.
Among the top gainers in the U.S. were Express Inc., up 3.7 percent to $18.87; Sears Holdings Corp., which rose 3.3 percent to $47.70, and The Wet Seal Inc., which gained 2.7 percent to $2.64. Christopher & Banks Corp. was the top loser on the retail front, down 2.6 percent to $8.64.
In Europe, the DAX in Frankfurt fell 0.4 percent to 9,552.16, while the FTSE 100 in London slipped 0.3 percent to 6,731.27. The CAC 40 in Paris was down 0.1 percent to 4,275.71, while the FTSE MIB in Milan managed to edge up 0.1 percent to 18,967.71.
Retail stocks led the falls in London — among the FTSE 100’s top five worst performing stocks were Marks & Spencer, down 1.7 percent to 4.42 pounds; Sainsbury, the supermarket chain, down 1.9 percent to 3.71 pounds, and Sports Direct International, the activewear retailer, down 1.6 percent to 7.17 pounds.
Luxury stocks performed better in the day’s trading. Aeffe gained 5 percent to 0.7 euros, while Moncler surged 7.1 percent to 15.80 euros. Prada gained 1.9 percent to 69.80 Hong Kong dollars and Mulberry Group rose 2.1 percent to 9.80 pounds.
Swatch Group ended the day down 0.3 percent to 100.40 Swiss francs, recovering from deeper losses earlier in the day, as investors reacted to news of a fire that destroyed the workshop at ETA Manufacture Horlogère, a Swiss Swatch company that manufactures watch movements.
The euro traded for $1.37 Monday, while the pound traded for $1.65, the Hong Kong dollar for $0.13 and the Swiss franc for $1.12.
The down note in Europe was in contrast to the gains earlier in the day in Asia, which saw the Nikkei 225 in Tokyo rise 0.7 percent to 16,291.31, and the Hang Seng Index in Hong Kong up 0.01 percent to 23,244.87.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
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24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
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