U.S. retail stocks resumed their winning ways last week, eking out a 0.2 percent increase despite a down day on Friday.
The S&P Retail Index declined 0.6 percent Friday to 332.21, but still finished above the 331.66 mark at which it concluded the previous week.
However, in a reversal of trends of the last two months, the retail equity number didn’t keep pace with the major indices. The Dow Jones Industrial Average was up 2 percent on Friday and finished the week ahead 4.4 percent at 8,574.65, while the S&P 500 rode a 2.4 percent Friday rise to a 5.9 percent five-day gain, ending the week at 929.23. The Nasdaq Composite Index on Friday advanced 1.3 percent, ending the week with a 1.2 percent gain at exactly 1,739.
Retail stocks had advanced for seven consecutive weeks before finishing down 2 percent the week of April 27.
Among the best performers last week were Eddie Bauer Holdings Inc., whose stock more than doubled to 71 cents, even after chief executive officer Neil Fiske declined to comment on published reports the firm was in talks with potential buyers, Gordon Brothers and Hilco Consumer Capital.
Hot Topic Inc. endured a 15.8 percent drop during the week, ending at $9.77, after it failed to live up to analysts’ expectations for April same-store sales, sparking concern that its success with “Twilight”-themed merchandise might be running out of steam. Shares of Saks Inc., which moved as high as $5.40 the week of April 27, eased 9.8 percent last week to $4.53.
Overseas markets enjoyed a strong week, led by a 12 percent increase in Hong Kong’s Hang Seng Index, which closed at 15,520.99. Tokyo’s Nikkei 225 was up 5.1 percent for the week, ending at 8,977.37.
The Paris Bourse was closed Friday for a national holiday, but the CAC 40 closed Thursday at 3,312.59, up 4.8 percent for the week. London’s FTSE 100 was up 5.2 percent for the five days, to 4,462.09, including a 1.4 percent run-up on Friday.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia