Retail stocks rebounded from two days of losses and rose 1.7 percent Thursday as investors saw better times ahead in corporate earnings and leading economic indicators.
The S&P Retail Index advanced 6.40 points to 389.68. J. Crew Group Inc. led all stocks tracked by WWD with a 15.2 percent increase in its shares, to $43.49, after it raised its third-quarter guidance. Also gaining strongly for the day were Charming Shoppes Inc., up 8 percent to $5.80; Saks Inc., 6.8 percent to $6.57, and Aéropostale Inc., 5.2 percent to $43.19.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)