Retail stocks again added to their value Friday, putting them up 4 percent for the week and 20.3 percent for the year.
After starting Friday’s session in negative territory, the S&P Retail Index rebounded in afternoon trading and rose 0.5 percent to 494.59, producing its third consecutive positive week and making for 10 up weeks out of the last 11. Simultaneously, the Dow Jones Industrial Average crossed Friday’s finish line with its eighth consecutive week of gains. The Dow closed up 0.6 percent at 11,204.28, rising 1.7 percent for the week and 7.4 percent for the year.
Of 172 issues tracked by WWD, 138 had gains and 28 had losses as six finished the week unchanged.
Lingering questions about the Greek debt crisis pressured European markets last week. Despite up days on Friday, after the Greek government formally requested relief from the European Union and the International Monetary Fund, the FTSE 100 in London and CAC 40 in Paris ended the week with declines of 0.4 and 0.9 percent, respectively. The DAX in Frankfurt enjoyed a 1.3 percent gain for the week, all of it coming from Friday’s 1.5 percent advance.
Asian markets continued their recent downward trend, with the Nikkei 225 falling 0.3 percent on Friday and 1.7 percent for the week, while Hong Kong’s Hang Seng Index fell 1 percent on Friday and 2.8 percent for the week. Shanghai’s SSE Composite Index gave back 0.5 percent on Friday to finish the week off 4.7 percent. The SSE is off nearly 9 percent for the year to date.
Among numerous retail issues hitting 52-week highs on Friday, shares of Saks Inc. were up 64 cents, or 6.7 percent, to $10.19, 10 cents below their high point for the day and year.
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