Retail stocks fell 0.9 percent Tuesday — the fifth straight decline for the sector poised to begin unveiling first-quarter results today when Macy’s Inc. issues its report card to investors.
The S&P Retail Index fell 2.98 points to 324.89 as the Dow Jones Industrial Average rose 0.6 percent, or 50.34 points, to 8,469.11.
The Dow might have beaten the sector on Tuesday, but retail shares are still several lengths ahead for the year. So far in 2009, retail stocks are up 16.3 percent while the Dow has fallen 3.5 percent. After falling 0.1 percent Tuesday to 908.35, the S&P 500 is ahead 0.6 percent for the year.
Today the retail world’s focus will be on Macy’s, which analysts expect to post a loss of 20 cents a share, a deterioration from the 2 cents worth of red ink a year earlier, excluding charges. Shares of Macy’s fell 2.7 percent to $12.35 Tuesday. Liz Claiborne Inc., a key supplier to department stores that will also post results before the markets open, saw its stock fall 6.5 percent to $5.77. Claiborne is expected to post losses of 23 cents a share, following adjusted earnings of 28 cents a year earlier.
Other decliners Tuesday included Dillard’s Inc., down 6.1 percent to $7.74; Saks Inc., 5.1 percent to $3.95; AnnTaylor Stores Corp., 5 percent to $7.24, and J.C. Penney Co. Inc., 3.4 percent to $27.92. Among the more prominent advancers was Fossil Inc., up 9.2 percent to $21.55 after posting better-than-expected first-quarter results, and Swank Inc., which was up 47.5 percent to $1.49 in over-the-counter trading after reporting a reduced first-quarter loss on a 3 percent revenue decline.
Fashion stocks in Europe had a mixed day with BulgariSpA down 5.1 percent to 4.03 euros, or $5.49; PPR off 2.1 percent to 58 euros, or $78.97, and LVMH Moët Hennessy Louis Vuitton inching up 0.03 percent to 59.02 euros, or $80.36.
Exclusive: Nicola Formichetti is parting ways with @diesel after nearly four years. Formichetti, who served as Lady Gaga’s stylist in 2009, joined Diesel in 2013 as creative and artistic director. His first show debuted in Venice with a show held at the Venetian Arsenal. #wwdfashion #wwdnews
The polo shirt - an icon of preppy style - is roaring back into fashion in many creative guises, like this A-line polyester top from @carven, worn with @31philliplim cotton and elastane pants. Designers stretched a fashion classic into all kinds of new permutations this season. See how @mayteallende styled the preppy trend on WWD.com #wwdfashion (📸 : Kinya)
(Market Editors: @andrew_shang and @elmercer, Makeup: @amandawilsonmakeup using @fentybeauty, Hair: @gonn24, Model: @bara_holotova at @women360mgmt)
“I do like period [projects] a lot because I like creating those worlds, a world that is different from today," costume designer Mark Bridges said about the '50s British couture featured in @phantomthread. Bridges created the overall aesthetic and individual fashion looks for the film, which stars Daniel Day-Lewis, Lesley Manville and Vicky Krieps. Pictured here is a gown he designed for Krieps who plays Alma – the love interest of Day-Lewis' character, Reynolds Woodcock. #wwdfashion
@prada is embracing the holiday season with a series of short movies about the art of gift-giving. "The Postman's Gifts", which was directed by American filmmaker Autumn de Wilde, focuses on the brand's signature Prada Galleria bag and features Elijah Wood as the postman. In the first two episodes, Wood's delivers the iconic bag to @emmaroberts, who plays herself as a movie star, and Sasha Frolova. #wwdfashion
“I think I never met the person while we were working,” Vicky Krieps said of Daniel Day-Lewis, who she plays the love interest of in “Phantom Thread.” Day-Lewis remained perennially in character, so much so that she feels she’s just meeting him now. “It’s interesting to see how different he is in real life to the character,” Krieps said. WWD sat down with the 34-year-old actress to talk about her new role in the period film, which brings the fifties’ gender dynamics into the mix. Read more on WWD.com. #wwdeye (📷: @lexieblacklock)
@gucci has expanded its “Places” project to include six new cities. The initiative, which was first unveiled in July, aims to invite people to explore inspirational locations for the brand. On the list is the Biblioteca Angelica library in Rome pictured here. See the other five new venues on WWD.com. #wwdfashion (📷: @massimo_listri_official)
#ad From tools to lashes, WWD rounded up wellness and beauty products guaranteed to take your skin care and makeup routines to the next level in 2018. Follow along as @laceandleatherbyelyse, @ashnfashn and @elleisalwayshere experiment with these products on their Instagram profiles and blogs. #NewYearBetterYou
Blogger @camilacoelho is one of the fastest growing beauty influencers around the world. The bilingual blogger has worked with brands like @revolve Beauty, @dior, @louisvuitton and more and has an Earned Media Value of $34,338,441, according to @tribedynamics. But Coelho isn’t the only influencer making a major impact — head to WWD.com to see the other fastest-growing influencers in six key global markets. #beautyfridays (📷: @zefashioninsider)