LONDON — As the U.S. market reopened after the Independence Day holiday, better-than-forecast employment data for June from the U.S. Labor Department boosted optimism on Wall Street and drove the Dow Jones Industrial Average up 0.5 percent to 15,064, while the S&P 500 Retailing Industry Group managed to add 0.5 percent to 1,624.02 at 12.30 p.m. EST.
Among fashion, retail and beauty stocks, Revlon led the gainers, advancing 6.3 percent to $24.59, followed by Bon Ton Stores, up 5.2 percent to $19.59. Abercrombie & Fitch Co. rose 3 percent to $48.97.
Stocks losing ground during Friday’s session included Inter Parfums Inc., dropping 2.1 percent to $29.60; Saks Incorporated, 0.8 percent to $13.88; and American Apparel, 0.6 percent to $1.80.
European stock markets ended the day on a down note, led by the DAX in Frankfurt, which lost 2.4 percent to 7,806.00 after a report showed German factory orders declined for a second month in May.
The FTSE MIB in Milan slid 1.7 percent to 15,533.69; Paris’ CAC 40 lost 1.5 percent to 3,753.85; and London’s FTSE 100 contracted 0.7 percent to 6,375.52.
The euro closed the day valued at $1.31 to the dollar. The pound was worth $1.51, and the Swiss franc equaled $1.07.
Retail and luxury stocks showed mixed results, with L’Oréal down 1.7 percent to 126.70 euros; Swatch Group, 1.5 percent to 91.60 Swiss francs; and Compagnie Financière Richemont, 1.2 percent to 84.45 Swiss francs.
Among the stocks making gains were Yoox, up 4.8 percent to 18.97 euros, and Mulberry, which advanced 0.8 percent to 9.18 pounds.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)