Even as the Dow Jones Industrial Average retreated further from the 10,000 mark Monday, retail stocks briefly passed their own milestone, and Limited Brands Inc., Lululemon Athletic Inc. and others boosted bottom-line guidance following the end of trading.
The S&P Retail Index topped the 400 mark for the first time since last month, but couldn’t sustain that height and ended with a 0.4 percent, or 1.41-point, rise to 396.46. The index went as high as 402.75 Monday morning.
The Dow sank 104.22 points, or 1.1 percent, to 9,867.96.
Earlier in the day, investors were encouraged by RadioShack Corp.’s third-quarter sales, which topped Wall Street projections by more than $29 million and helped drive the firm’s stock up 15.9 percent.
Fashion retailers also seem poised to jump the relatively low hurdles they set for themselves.
Limited Brands said its bottom line for the third quarter would range from breakeven to a loss of 4 cents a share, better than the 7-cent to 12-cent loss previously forecast. However, the outlook for October comparable-store sales worsened and the retailer is now looking for a low- to midsingle-digit drop instead of the roughly flat performance previously expected.
Lululemon said it expects third-quarter earnings of 17 cents to 19 cents a diluted share, compared with the 11 cents to 13 cents previously projected.
“Our sourcing and production strategies designed to chase inventory and keep pace with renewed sales momentum proved to be very effective during this fall season,” said Christine Day, chief executive officer.
And The Bon-Ton Stores Inc. said it expected its favorable third-quarter sales to minimize losses for the year and put them closer to the $2.50 mark, the high point of its most recent projections, than their low point of $3.70.
Shares of Bon-Ton rose 2.5 percent to $9.10 Monday, as Lululemon inched up 1.5 percent to $25.71 and Limited increased 1.4 percent to $19.49.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye