Retail stocks inched up today before Wall Street traders headed off for last-minute Christmas shopping.
In half-day holiday trading session, the S&P 500 Retailing Industry Group gained 0.2 percent, or 0.97 points, to 654.07, as the Dow Jones Industrial Average declined 0.4 percent, or 51.76 points, to 13,139.08.
Investors are weighing the prospects of both a disappointing holiday shopping season and the fiscal cliff — a set of tax hikes and spending cuts that kick in at the end of the year if the White House and Congress can’t find a compromise.
The gainers today included J.C. Penney Co. Inc., up 1.4 percent to $19.87; Amazon.com Inc., 0.7 percent to $258.62, and The TJX Cos. 0.6 percent to $42.21.
Of the international markets that were open, the FTSE 100 in London rose 0.2 percent to 5,954.18, the CAC 40 in Paris slipped 0.2 percent to 3,652.61, and the SSE Composite Index in Shanghai gained 0.3 percent to 2,159.05.
As of 1:30 p.m. EST, the North American Aerospace Defense Command said Santa Claus had finished his deliveries in Asia and moved on to the Middle East. He was headed for Yemen and more than 2.24 billion gifts had already been delivered.
It is still unclear what the impact on retailer's margins will be.
NORAD’s predecessor began tracking St. Nick’s Christmas Eve flight in 1955, when A Sears Roebuck & Co. promotion encouraging kids to call Santa featured the wrong telephone number.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion