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: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty