Retail stocks picked up slightly on Friday, giving them a 1.9 percent advance for the week and a robust 6.1 percent gain for February.
The S&P Retail Index rose 0.1 percent Friday to 421.58, finishing the week in positive territory even as gains on the three major indices failed to pull them into the black for the week or year. The February lift for the retail index outpaced monthly increases of 2.6 percent for the Dow Jones Industrial Average, 2.9 percent for the S&P 500 and 4.2 percent for the Nasdaq Composite. Last week’s improvement for the retail index left it with a 2.6 percent year-to-date increase, versus declines of between 1 and 1.4 percent for the Dow, S&P 500 and Nasdaq.
Among 172 public companies tracked by WWD, 92 had increases and 72 had decreases last week, while eight were flat.
While down for the week, London’s FTSE 100 and Paris’ CAC 40 were up on Friday. At 5,354.52, the FTSE was down 0.1 percent for the week and up 3.2 percent for the month, while the French index, at 3,708.80, was down 1.6 percent for the week and down 0.8 percent in February. Hong Kong’s Hang Seng Index excelled in Asia, rising 3.6 percent to 20,608.70 last week and 2.4 percent last month. Tokyo’s Nikkei 225, up less than 0.1 percent for the week, finished February down 0.7 percent.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@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)