The WWD Global Stock Tracker was down 0.7 percent as markets around the world pulled back on concerns about European banks and U.S. discretionary spending.
The WWD index ended the day at 99.44, pulling back from its 100.09 finish on Wednesday.
U.S. markets managed to recover from larger losses earlier in the day, but the Dow Jones Industrial Average closed down 0.4 percent to 16,915.07, erasing much of its morning declines of over 100 points, while the S&P 500 Retailing Industry Group was off 1.2 percent to 891.55 as a small group of retailers in the U.S. reported sales for May that were up a bit less than expected.
The largest gain among stocks in WWD’s sample came from American Apparel Inc., ahead 21.3 percent to $1.03 following agreement among its board and Standard General that assuaged fears of a default crisis in the wake of Dov Charney’s suspension as chief executive officer. Burberry Group shares advanced 3.5 percent to 14.68 pounds, or $25.19 at current exchange, on strong first-quarter sales that were reported along with a reduction in its full-year guidance.Hong Kong’s Trinity Ltd. fell 3.2 percent to 1.93 Hong Kong dollars, or 25 cents, while Next gained 1.8 percent to close at 64.55 pounds, or $110.75.
Among issues in decline Aeeffe was off 5.9 percent to 1.19 euros, or $1.63; Chow Tai Fook Jewellery Group off 4.6 percent to 11.30 Hong Kong dollars, or $1.46; Anta Sports Products Ltd. off 3.6 percent to 12.46 Hong Kong dollars, or $1.61, and G-III Apparel Group Ltd. off 3.2 percent to $77.78.
While attention in Europe was focused on Portuguese bank Banco Espirito Santo, that concern raised fears of possible issues at other euro-zone banks.
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