The WWD Global Stock Tracker registered a 0.1 percent gain in its first day of operation, moving to 100.10 from its baseline of 100.
The largest gains among the 100 international fashion, retail and beauty issues now tracked by WWD came from Elizabeth Arden Inc. and Inter Parfums Inc., which rose 3.3 and 2.9 percent, respectively, to close at $21.30 and $29.49. Under Armour Inc. and Kate Spade & Co. finished nearly as strongly, with gains of 2.9 percent to end the day at $59.91 and $38.12, respectively. Click Here for the WWD Global Stock Tracker >>
Among issues pulling back on the day were Quiksilver Inc., down 6.4 percent to $3.36; Safilo Group SpA, down 5.1 percent to $15.33; Youngor Group Co., down 2.5 percent to 6.69 yuan, or $1.08 at current exchange; and Shanghai Metersbonwe Fashion & Accessories, down 2.4 percent to 8.17 yuan, or $1.32.
Shares of Coach Inc. were off 1.4 percent to $34.50 after analysts at Buckingham Research downgraded the stock to “underperform” from “neutral” and cut their price target to $28 from $32.
A number of British retail stocks fell in the day’s trading, after the British Retail Consortium reported late Tuesday that prices in British shops fell 1.8 percent in June compared to the same month last year. That marked the biggest annual drop in prices since 2006, the BRC said.
That contributed to a 2.4 percent dip in shares of Marks and Spencer Group, which closed at 4.18 pounds, or $7.15.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)